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2011 (4) TMI 511 - HC - Income TaxRectification of mistakes - Assessee in default - TDS on interest - It is the claim of the bank that the bank did give repeated reminders to the Commissioner of Income-tax, Patna, for decision on the applications for rectification made under section 154 of the Act - According to the bank, many of its depositors are the Government of Bihar and its departments. The interest paid to such depositors is exempt from taxation under article 289 of the Constitution - Pending those applications, in view of some restructuring within the Department, the jurisdiction to decide the applications under section 154 of the Act was transferred to the Commissioner TDS - The Commissioner TDS has manifestly erred in treating the said applications as applications made afresh and in rejecting the same as time barred. In our opinion, the Commissioner TDS ought to have decided the said applications on the merits as the same were filed within the specified time - Decided in favour of the assessee
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