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2019 (1) TMI 141 - AT - Income TaxTDS u/s 194A - non deduction of TDS on the payment of interest to STPI - demand U/s 201(1)/201(1A) - Held that:- STPI is a society established and registered under the Societies Registration Act, 1860 by the Ministry of Electronics & Information Technology, Government of India on 05/6/1991. As per the notification scheme U/s 194A(3)(iii)(f) of the Act if any society is registered under the Societies Registration Act 1860 and financed wholly by the Government then as per the notification No. SO3489 dated 22/10/1970, the deduction of tax at source is not required so far as the interest paid to such society. Since this status of STPI being notified U/s 194A(3)(iii)(f) of the Act has not been verified by the authorities below, therefore, we set aside this issue to the record of the Assessing Officer for verification and adjudication of this issue whether the STPI is a society falling under the category as notified U/s 194A(3)(iii)(f) of the Act as claimed by the assessee. - Appeal of the assessee is allowed for statistical purposes only
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