Alternative statutory remedy and unexplained delay barred writ review of customs confiscation adjudication, leaving merits for appellate consideration...
Authorised courier due diligence protects against penalties where declared exports conceal prohibited goods despite proper documentation and customs p...
Customs-controlled container movement now extends to DP World facilities, subject to segregation, inspections, reconciliation, and EXIM cargo priority...
Cooperative bank appealed against TDS obligations on interest payments to cooperative societies and a temple trust. ITAT held that under Sec 194A(3)(v), cooperative banks are exempt from TDS deduction on interest payments to other cooperative societies, regardless of membership status. The exemption applies broadly to inter-cooperative society transactions. For interest paid to Jagan Nath Temple, ITAT ruled no TDS requirement exists under Sec 194A(3)(iii)(f) as the temple qualifies as a government-financed entity per notification 3489 dated 22/10/1970. The tribunal emphasized that the statutory exemption is explicit and unambiguous, requiring no additional conditions. Appeal allowed, affirming appellant's position on non-deduction of TDS.
Cooperative bank appealed against TDS obligations on interest payments to cooperative societies and a temple trust. ITAT held that under Sec 194A(3)(v), cooperative banks are exempt from TDS deduction on interest payments to other cooperative societies, regardless of membership status. The exemption applies broadly to inter-cooperative society transactions. For interest paid to Jagan Nath Temple, ITAT ruled no TDS requirement exists under Sec 194A(3)(iii)(f) as the temple qualifies as a government-financed entity per notification 3489 dated 22/10/1970. The tribunal emphasized that the statutory exemption is explicit and unambiguous, requiring no additional conditions. Appeal allowed, affirming appellant's position on non-deduction of TDS.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4828 
Join Channel 
