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2006 (5) TMI 61 - SC - Income Tax
Provisions of the Income-tax Act, 1961 as they stood after the amendment (section 10(20A) had been omitted, an Explanation was added to section 10(20)) obliged the bank to deduct income-tax at source from the interest accrued on fixed deposit receipts of the appellant/authority - held that HC is right in concluding that the appellant/authority could not claim exemption from Union taxation under article 289(1) of the Constitution of India - impugned notice was valid