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TMI Blog2022 (3) TMI 623X X X X Extracts X X X X X X X X Extracts X X X X ..... issue which is raised in the present appeals is covered in Commissioner of Income Tax (TDS) Kanpur and Another vs Canara Bank [ 2018 (7) TMI 664 - SUPREME COURT] wherein the issue pertained to the applicability of the notification dated 22 October 1970 in relation to payments made by Canara Bank to the New Okhla Industrial Development Authority ( NOIDA ), an authority constituted under Section 3 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... s imposing penalty under Section 271C of the Income Tax Act 1961, shall in the circumstances be set aside. - Civil Appeal Nos 1861-1862 of 2022 (Arising out of SLP (C) Nos 9693-9694 of 2019) - - - Dated:- 7-3-2022 - HON'BLE DR. JUSTICE D.Y. CHANDRACHUD AND HON'BLE MR. JUSTICE SURYA KANT For Appellant(s) Mr. O.P. Gaggar, AOR For Respondent(s) Mr. Balbir Singh, ASG Ms. Alka Agr ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ated 22 October 1970 issued by the Central government in the following terms: In pursuance of sub-clause (f) of clause (iii) of sub-section (3) of section 194A of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notify the following for the purposes of the said sub-clause:- (i) any corporation established by a Central, State or Provincial Act; (ii) any company in ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... applicability of the notification dated 22 October 1970 in relation to payments made by Canara Bank to the New Okhla Industrial Development Authority ( NOIDA ), an authority constituted under Section 3 of the Uttar Pradesh Industrial Area Development Act 1976. The Bank had not deducted tax at source under Section 194-A which led to notices being issued, resulting in consequential action. This Cour ..... X X X X Extracts X X X X X X X X Extracts X X X X
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