Supreme Court of India
Commissioner of Income Tax(tds) Kanpur and Anr. v. Canara Bank
INSC stands for INDIAN SUPREME COURT. A neutral citation scheme assigned by the Court itself, so a judgment can be cited without depending on a commercial law reporter. INSC is the neutral citation scheme assigned by the Supreme Court, so a judgment can be cited without depending on a commercial law reporter.
What the Court ordered
We are of the view that High Court did not commit any error in dismissing the appeal filed by the Revenue.
Judgment, page 22
From the headnote
Income Tax Act, 1961 – s.194A(3)(iii)(f) – Notification issued under – Payment of interest to State Industrial Development Authority – Exemption from deduction of tax at source – Benefit of, when available – New Okhla Industrial Development Authority (NOIDA) constituted under the 1976 Act – Respondent-Bank paid interest to NOIDA in form of FDs/Deposits, however, did not deduct tax at source – Assessing Officer holding that the respondent was assessee in default, issued demand notice – Bank filed appeal before Commissioner of Income Tax (Appeals) placing reliance upon notification dtd.
Authorities it was built on
- 1975 Sukhdev Singh & Ors. v. Bhagatram Sardar Singh Raghuvanshi and Anr.
- 1987 Reserve Bank of India v. Peerless General Finance & Investment Co. Ltd. Ors. and Vice Versa
- 1975 Executive Committee of Vaish Degree College, Shamli and Others v. Lakshmi Narain and Ors.
- 1981 S.S. Dhanoa v. Municipal Corporation, Delhi & Ors.
- 2009 Commissioner of Income Tax, Delhi v. M/s Woodward Governor India P. Ltd.
- 2010 Dalco Engineering Private Ltd. v. Shree Satish Prabhakar Padhye and Ors.
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