https://www.taxtmi.com/caselaws?id=206079 Interest paid by a co-operative society to its members falls within the section 194A(3)(v) TDS exemption, and a disallowance under section 40(a)(ia) cannot be sustained where the payment is to members. Interest paid on share capital was treated as part of the computation of real business income, not a mere appropriation of profits, in the context of the society's commercial and statutory framework. On both issues, the Revenue's position failed and the assessee obtained relief. en-us Mon, 29 Aug 2011 00:00:00 +0530 Tue, 02 Dec 2025 17:28:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=206079 Interest paid by a co-operative society to its members falls within the section 194A(3)(v) TDS exemption, and a disallowance under section 40(a)(ia) cannot be sustained where the payment is to members. Interest paid on share capital was treated as part of the computation of real business income, not a mere appropriation of profits, in the context of the society's commercial and statutory framework. On both issues, the Revenue's position failed and the assessee obtained relief. Case-Laws Income Tax Mon, 29 Aug 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=206079