https://www.taxtmi.com/caselaws?id=263769 The ITAT upheld the ld. CIT(A)'s decision that Section 194A(3)(v) exempts all members of a cooperative society from TDS on interest payments, rejecting the department's argument that only regular members were exempt. The ITAT relied on judicial precedents, including a Bombay High Court decision affirmed by the Supreme Court, to support its interpretation. Emphasizing consistency in legal principles, the ITAT dismissed the department's appeal and affirmed that TDS provisions do not differentiate between categories of members in cooperative societies. en-us Wed, 12 Aug 2015 00:00:00 +0530 Thu, 10 Sep 2015 08:18:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=263769 The ITAT upheld the ld. CIT(A)'s decision that Section 194A(3)(v) exempts all members of a cooperative society from TDS on interest payments, rejecting the department's argument that only regular members were exempt. The ITAT relied on judicial precedents, including a Bombay High Court decision affirmed by the Supreme Court, to support its interpretation. Emphasizing consistency in legal principles, the ITAT dismissed the department's appeal and affirmed that TDS provisions do not differentiate between categories of members in cooperative societies. Case-Laws Income Tax Wed, 12 Aug 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=263769