Supreme Court of India
M/s New Okhla Industrial Development Authority v. Commissioner of Income Tax Appeals & Ors.
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
In view of the aforesaid, there is no requirement to deduct income- tax at source on income by way of ‘rent’ if the payee is t he Government.
Judgment, page 9
From the headnote
Income Tax Act, 1961 – s.10(20) – Applicability of – Local authority – Noida – Held: Noida is not a local authority within the meaning of s.10(20) as amended by Finance Act, 2002 w.e.f 01.04.2003 by virtue of decision in Civil Appeal No . 792-793 of 2014 – Uttar Pradesh Industrial Area Development Act, 1976. Income Tax Act, 1961 – s.194A(3)(iii)(f) – Exemptio n of interest income by virtue of Notification dated 24.10.197 0 – Held, it was decided in Commissioner of Income Tax v. Canara Bank that Noida is covered by the said notification and Noida/Greater Noida is entitled to the benefit of
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