https://www.taxtmi.com/caselaws?id=472528 Interest paid to government-owned corporations or government departments was exempt from tax deduction at source under the exemption for corporations established by Central, State or Provincial legislation. Notification No. 3489 applied without requiring a separate notification for each payee. The relevant payees were wholly government-owned corporations or government departments, and the same treatment had been accepted in other assessment years. Consequently, no liability for failure to deduct tax or consequential interest arose, and the demand was deleted. en-us Mon, 21 Apr 2025 00:00:00 +0530 Wed, 14 Oct 2026 18:57:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=472528 Interest paid to government-owned corporations or government departments was exempt from tax deduction at source under the exemption for corporations established by Central, State or Provincial legislation. Notification No. 3489 applied without requiring a separate notification for each payee. The relevant payees were wholly government-owned corporations or government departments, and the same treatment had been accepted in other assessment years. Consequently, no liability for failure to deduct tax or consequential interest arose, and the demand was deleted. Case-Laws Income Tax Mon, 21 Apr 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=472528