https://www.taxtmi.com/caselaws?id=244391 The ITAT upheld the CIT(A) orders for assessment years 2009-10, 2010-11, and 2011-12, ruling that chit dividends should not be treated as interest for TDS purposes under section 194A. The tribunal relied on precedents from other courts and tribunals, including judgments from the Delhi High Court and the Supreme Court, to support its decision. The consistent application of legal principles across various judicial forums led to the dismissal of the Revenue's appeals, ultimately favoring the assessee in absolving them from TDS liability. en-us Thu, 06 Feb 2014 00:00:00 +0530 Thu, 20 Feb 2014 12:42:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=244391 The ITAT upheld the CIT(A) orders for assessment years 2009-10, 2010-11, and 2011-12, ruling that chit dividends should not be treated as interest for TDS purposes under section 194A. The tribunal relied on precedents from other courts and tribunals, including judgments from the Delhi High Court and the Supreme Court, to support its decision. The consistent application of legal principles across various judicial forums led to the dismissal of the Revenue's appeals, ultimately favoring the assessee in absolving them from TDS liability. Case-Laws Income Tax Thu, 06 Feb 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=244391