https://www.taxtmi.com/caselaws?id=800732 Interest paid to a corporation established under a Central, State or Provincial Act falls within the notified exemption from tax deduction at source on interest payments. A statutory corporation established under a Central Act is therefore covered by that exemption. A CBDT circular addressing entities with unconditional income-tax exemption does not restrict or displace the separate exemption available under the notification. Consequently, no tax deduction at source is required on such interest, and the payer cannot be treated as an assessee in default or charged consequential interest. en-us Tue, 06 Oct 2026 00:00:00 +0530 Sat, 10 Oct 2026 08:32:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=800732 Interest paid to a corporation established under a Central, State or Provincial Act falls within the notified exemption from tax deduction at source on interest payments. A statutory corporation established under a Central Act is therefore covered by that exemption. A CBDT circular addressing entities with unconditional income-tax exemption does not restrict or displace the separate exemption available under the notification. Consequently, no tax deduction at source is required on such interest, and the payer cannot be treated as an assessee in default or charged consequential interest. Case-Laws Income Tax Tue, 06 Oct 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=800732