https://www.taxtmi.com/caselaws?id=261799 The ITAT ruled in favor of the appellant, a cooperative society, stating it was exempt from deducting TDS on interest paid to its members on time deposits under sec. 194A(3)(v) of the Income Tax Act. The ITAT held that the exemption applied regardless of the nature of the cooperative society's operations, following the decision in Vishakapatnam Co-operative Bank vs. DIT. Consequently, the ITAT set aside the CIT(A)'s decision, and the demand for TDS payment was eliminated. The appeal was allowed in favor of the appellant. en-us Fri, 14 Nov 2014 00:00:00 +0530 Wed, 22 Jul 2015 11:34:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=261799 The ITAT ruled in favor of the appellant, a cooperative society, stating it was exempt from deducting TDS on interest paid to its members on time deposits under sec. 194A(3)(v) of the Income Tax Act. The ITAT held that the exemption applied regardless of the nature of the cooperative society's operations, following the decision in Vishakapatnam Co-operative Bank vs. DIT. Consequently, the ITAT set aside the CIT(A)'s decision, and the demand for TDS payment was eliminated. The appeal was allowed in favor of the appellant. Case-Laws Income Tax Fri, 14 Nov 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=261799