https://www.taxtmi.com/caselaws?id=262252 The tribunal upheld the decision that the co-operative bank, as the assessee, was liable to deduct TDS on interest payments exceeding Rs. 10,000 to its members under Section 194A(3)(i)(b) of the Income-tax Act. The tribunal dismissed the appeals for both assessment years, emphasizing that the CBDT circular could not override the statutory provision and that inconsistent judgments were not binding due to their per incuriam nature. en-us Fri, 31 Jul 2015 00:00:00 +0530 Thu, 06 Aug 2015 06:44:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=262252 The tribunal upheld the decision that the co-operative bank, as the assessee, was liable to deduct TDS on interest payments exceeding Rs. 10,000 to its members under Section 194A(3)(i)(b) of the Income-tax Act. The tribunal dismissed the appeals for both assessment years, emphasizing that the CBDT circular could not override the statutory provision and that inconsistent judgments were not binding due to their per incuriam nature. Case-Laws Income Tax Fri, 31 Jul 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=262252