It transpires from the records of the appeal that the Assessing Officer noticed that for the Assessment Years 2006-07 and 2007-08, M/s. Canara Bank2 failed to deduct tax at source under section 194-A(1) ... of the Act on the interest credited/paid on the fixed deposit receipts purchased by the New Okhla Industrial Development Authority3. In the present Appeal, we are concerned with the Assessment Year 2006-07.