https://www.taxtmi.com/caselaws?id=177782 The Tribunal upheld the jurisdiction of the ITO, TDS Ward Belgaum, and confirmed that the appellant, a cooperative bank, must deduct tax at source on interest payments exceeding Rs. 10,000 under Section 194A(3)(viia)(b). The Tribunal rejected the appellant's arguments regarding the applicability of Section 194A and the interpretation of "co-operative society" and "co-operative bank." Additionally, the Tribunal emphasized that the burden of proof regarding payment of taxes by recipients of interest rests with the appellant, ultimately dismissing the appeals. en-us Wed, 01 Oct 2014 00:00:00 +0530 Tue, 19 Jan 2016 10:14:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=177782 The Tribunal upheld the jurisdiction of the ITO, TDS Ward Belgaum, and confirmed that the appellant, a cooperative bank, must deduct tax at source on interest payments exceeding Rs. 10,000 under Section 194A(3)(viia)(b). The Tribunal rejected the appellant's arguments regarding the applicability of Section 194A and the interpretation of "co-operative society" and "co-operative bank." Additionally, the Tribunal emphasized that the burden of proof regarding payment of taxes by recipients of interest rests with the appellant, ultimately dismissing the appeals. Case-Laws Income Tax Wed, 01 Oct 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=177782