https://www.taxtmi.com/caselaws?id=440420 Interest paid by a bank on fixed deposits to the Jammu Development Authority was treated as exempt from tax deduction at source because the Authority was a corporation established under a State Act and fell within the notification issued under Section 194A(3)(iii)(f). The Court applied the statutory exclusion for notified corporations and held that Section 194A(1) did not require deduction of tax at source on the interest payment. The revenue's reliance on a precedent dealing with Article 289 of the Constitution was rejected as inapposite. en-us Thu, 13 Jul 2023 00:00:00 +0530 Wed, 11 Feb 2026 12:19:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=440420 Interest paid by a bank on fixed deposits to the Jammu Development Authority was treated as exempt from tax deduction at source because the Authority was a corporation established under a State Act and fell within the notification issued under Section 194A(3)(iii)(f). The Court applied the statutory exclusion for notified corporations and held that Section 194A(1) did not require deduction of tax at source on the interest payment. The revenue's reliance on a precedent dealing with Article 289 of the Constitution was rejected as inapposite. Case-Laws Income Tax Thu, 13 Jul 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=440420