No TDS on Interest Payments: Section 194A Inapplicable Due to Lack of Borrowing or Debt u/s 2(28A).

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....TDS liability on Interest u/s 194A - Since there is neither any borrowing of money nor incurring of debt on the part of the assessee, in the present factual scenario, interest as defined under section 2 (28A) of the Act can have no application to such payments.....