https://www.taxtmi.com/caselaws?id=262096 The Tribunal ruled in favor of the appellant, holding that as a cooperative society engaged in banking, it was exempt from deducting tax at source on interest payments to its members under section 194A(3)(v) of the Income Tax Act. The Tribunal referred to relevant provisions and past decisions, emphasizing the exemption for cooperative societies. The order set aside previous decisions, directing verification of membership status of depositors by the Assessing Officer for statistical purposes only. en-us Wed, 10 Jun 2015 00:00:00 +0530 Wed, 22 Jul 2015 11:45:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=262096 The Tribunal ruled in favor of the appellant, holding that as a cooperative society engaged in banking, it was exempt from deducting tax at source on interest payments to its members under section 194A(3)(v) of the Income Tax Act. The Tribunal referred to relevant provisions and past decisions, emphasizing the exemption for cooperative societies. The order set aside previous decisions, directing verification of membership status of depositors by the Assessing Officer for statistical purposes only. Case-Laws Income Tax Wed, 10 Jun 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=262096