https://www.taxtmi.com/caselaws?id=310728 ITAT Jaipur held that TDS deducted by bank on interest income held by assessee in fiduciary capacity as nodal agency for Government of Rajasthan's Police Housing Scheme must be refunded. Since interest income was not taxable in hands of either assessee or state government, and state being non-taxable entity should not have attracted TDS initially, Revenue directed to refund TDS to assessee with undertaking to transfer amount to state government. en-us Fri, 12 May 2017 00:00:00 +0530 Thu, 09 Nov 2023 20:50:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=310728 ITAT Jaipur held that TDS deducted by bank on interest income held by assessee in fiduciary capacity as nodal agency for Government of Rajasthan's Police Housing Scheme must be refunded. Since interest income was not taxable in hands of either assessee or state government, and state being non-taxable entity should not have attracted TDS initially, Revenue directed to refund TDS to assessee with undertaking to transfer amount to state government. Case-Laws Income Tax Fri, 12 May 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=310728