https://www.taxtmi.com/caselaws?id=32079 The High Court upheld the ITAT's decision regarding the exemption of interest paid on deposits in Indian currency to NRIs under Sec.10(15)(iv)(fa) of the Income-tax Act, ruling in favor of the assessee. The court determined that the interest income was exempt under Sec.10(15)(fa), hence no TDS was applicable. Additionally, the court decided that TDS under Section 194-I should not apply to rent paid to co-owners of a property with definite shares, ruling in favor of the assessee. Both appeals by the appellant were dismissed by the High Court. en-us Tue, 26 Aug 2008 00:00:00 +0530 Wed, 14 Jan 2009 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=32079 The High Court upheld the ITAT's decision regarding the exemption of interest paid on deposits in Indian currency to NRIs under Sec.10(15)(iv)(fa) of the Income-tax Act, ruling in favor of the assessee. The court determined that the interest income was exempt under Sec.10(15)(fa), hence no TDS was applicable. Additionally, the court decided that TDS under Section 194-I should not apply to rent paid to co-owners of a property with definite shares, ruling in favor of the assessee. Both appeals by the appellant were dismissed by the High Court. Case-Laws Income Tax Tue, 26 Aug 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=32079