https://www.taxtmi.com/caselaws?id=327364 The Tribunal upheld the CIT(A) order, ruling that a cooperative society, including cooperative banks, is not required to deduct TDS on interest payments to members under section 194A(3)(v) of the Income Tax Act. The Tribunal emphasized that the exemption applies to all interest payments made to members, regardless of whether the society is engaged in banking activities. The revenue's appeal was dismissed as the Tribunal found no errors in the CIT(A) decision, emphasizing the specific provisions of section 194A(3) regarding interest payments to members of cooperative societies. en-us Thu, 31 Mar 2016 00:00:00 +0530 Thu, 29 Dec 2016 18:28:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=327364 The Tribunal upheld the CIT(A) order, ruling that a cooperative society, including cooperative banks, is not required to deduct TDS on interest payments to members under section 194A(3)(v) of the Income Tax Act. The Tribunal emphasized that the exemption applies to all interest payments made to members, regardless of whether the society is engaged in banking activities. The revenue's appeal was dismissed as the Tribunal found no errors in the CIT(A) decision, emphasizing the specific provisions of section 194A(3) regarding interest payments to members of cooperative societies. Case-Laws Income Tax Thu, 31 Mar 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=327364