https://www.taxtmi.com/caselaws?id=329607 The Tribunal quashed the orders under sections 201(1) and 201(1A) related to non-deduction of tax at source by the assessee, a cooperative society. The Tribunal held that since the recipients' income was exempt under sections 10(25) and 10(23AAA) of the Income Tax Act, there was no liability for tax deduction at source. The Revenue's appeal was dismissed, confirming that the assessee was not required to deduct TDS on interest payments to cooperative societies under section 194A(3)(v). The Tribunal emphasized the importance of exemptions under the mentioned sections and the precedent set by the Apex Court in Hindustan Coca-cola Beverages (P) Ltd. en-us Fri, 01 Jul 2016 00:00:00 +0530 Wed, 06 Jul 2016 04:03:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=329607 The Tribunal quashed the orders under sections 201(1) and 201(1A) related to non-deduction of tax at source by the assessee, a cooperative society. The Tribunal held that since the recipients' income was exempt under sections 10(25) and 10(23AAA) of the Income Tax Act, there was no liability for tax deduction at source. The Revenue's appeal was dismissed, confirming that the assessee was not required to deduct TDS on interest payments to cooperative societies under section 194A(3)(v). The Tribunal emphasized the importance of exemptions under the mentioned sections and the precedent set by the Apex Court in Hindustan Coca-cola Beverages (P) Ltd. Case-Laws Income Tax Fri, 01 Jul 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=329607