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Interest Payments on State Govt Loan Not Exempt from TDS Due to Non-Compliance with Section 194A, Section 196.
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....Non deduction of TDS u/s 194A - Loan amount raised from the State Government and the interest payable to the Government - assessee was unable to show that the payment of interest was made to the Government except to repeat that the corpus fund was created by the Government from which the loan was advanced to the appellant - benefit of section 196 cannot be extended - HC....