https://www.taxtmi.com/caselaws?id=258447 The tribunal upheld the decisions of the AO and CIT(A), ruling that the assessee, a cooperative society engaged in banking, must deduct TDS on interest payments exceeding Rs. 10,000 to depositors under Section 194A(3)(viia). The tribunal directed the AO to verify if the payees had declared the interest income in their returns and paid taxes, as per the proviso to Section 201(1). The appeal was allowed for statistical purposes, with instructions for the AO to pass the order in accordance with the law. en-us Wed, 25 Mar 2015 00:00:00 +0530 Fri, 10 Apr 2015 10:56:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=258447 The tribunal upheld the decisions of the AO and CIT(A), ruling that the assessee, a cooperative society engaged in banking, must deduct TDS on interest payments exceeding Rs. 10,000 to depositors under Section 194A(3)(viia). The tribunal directed the AO to verify if the payees had declared the interest income in their returns and paid taxes, as per the proviso to Section 201(1). The appeal was allowed for statistical purposes, with instructions for the AO to pass the order in accordance with the law. Case-Laws Income Tax Wed, 25 Mar 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=258447