https://www.taxtmi.com/caselaws?id=261284 The Tribunal held that a co-operative society engaged in banking is not required to deduct TDS on interest paid to its members under Section 194A(3)(v) of the Income Tax Act. It clarified that TDS is only required on interest paid to non-members. The Tribunal relied on judicial precedents and a CBDT Circular to support its decision. The Revenue's appeals for Assessment Years 2011-12 and 2012-13 were dismissed. en-us Mon, 29 Jun 2015 00:00:00 +0530 Wed, 08 Jul 2015 06:45:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=261284 The Tribunal held that a co-operative society engaged in banking is not required to deduct TDS on interest paid to its members under Section 194A(3)(v) of the Income Tax Act. It clarified that TDS is only required on interest paid to non-members. The Tribunal relied on judicial precedents and a CBDT Circular to support its decision. The Revenue's appeals for Assessment Years 2011-12 and 2012-13 were dismissed. Case-Laws Income Tax Mon, 29 Jun 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=261284