NOIDA and Greater NOIDA are covered by the notification No .S.O. 3489 dt 22ndoct, 1970 , hence interest received by them is exempt u/s 194A (3)(iii)(f) of the Act.( CA Nos 9199/12750/ 15613/ 15615/ 2017 dt. 2-07-2018) ( AY. 2010-11, 2011-12)
New Okhla Industrial Development Authority (NOIDA) (No.2) v. CCIT ( 2018) 406 ITR 209/ 168 DTR 145/ 257 Taxman 3 / 303 CTR 553 (SC) CIT v. HDFC Ltd ( 2018) 406 ITR 209/ 168 DTR 145/ 303 CTR 553 ( SC) CIT v. Rajesh Projects ( India ) (P) Ltd ( 2018) 406 ITR 209/ 168 DTR 145 / 257 Taxman 3/ 303 CTR 553 ( SC) Greater Noida Industrial Development Authority v. ACIT ( 2018) 406 ITR 209/ 168 DTR 145/ 303 CTR 553 ( SC) ITO v. United Bank of India ( 2018) 406 ITR 209/ 168 DTR 145/ 303 CTR 553 ( SC) Editorial: Affirmed Rajesh Projects ( India) (P) Ltd v. CIT ( 2017)392 ITR 483/ 148 DTR 33/ 293 CTR 121 ( Delhi ) (HC)
S. 194A : Deduction at source – Interest other than interest on securities- NOIDA and Greater NOIDA are covered by the notification No .S.O. 3489 dt 22nd oct, 1970 -Interest received by them is exempt [ S.194A(3) (iii) (f) ]