The Delhi Bench of Income Tax Appellate Tribunal (ITAT) in ‘Branch Manager, Axis Bank v.Addl. CIT held that Axis bank is not liable to deduct TDS from the interest paid or credited to Noida Authority. The Greater Noida authority, the payee, is a statutory authority constituted u/s 3 of the Uttar Pradesh (UP) Industrial Area […]
The post Bank not liable to deduct TDS from Interest paid to Noida Authority: ITAT [Read Order] appeared first on Taxscan | Simplifying Tax Laws.
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