2013 (1) TMI 341

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... egistration Act, 1955 - Held that:- Reading of the provision of the notification shows that in so far as Societies are concerned, only such of those Societies which are registered under the Societies Registration Act 1860 are exempted. The terms of the notification itself show that a society like the petitioner which is registered under the Travancore-Kochi Literary Scientific and Charitable Socie .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... section 194 (A)(iii) (f) of the Income Tax Act and thus entitled to be exempted from deduction of tax and source on the interest income received by them. 2. Section 194 A (iii) (f) states that the provisions of sub Section 1 of Section 194 A shall not apply to such income credited or paid to such other association or body which the Central Government may for reasons to be recorded in writing, no .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... rds, the terms of the notification itself show that a society like the petitioner which is registered under the Travancore-Kochi Literary Scientific and Charitable Societies Registration Act 1955 are not exempted from the levy of TDS. 4. A provision for exemption has to be construed strictly and this court has to confine the scope of the notification to its words. Words of the notification are c .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X