https://www.taxtmi.com/caselaws?id=331572 The High Court dismissed the Revenue's appeal, affirming the Tribunal's decision that Co-operative Banks are not required to deduct tax on interest paid to their members under Section 194A(3)(v). The court found no substantial question of law warranting further consideration, as the decision aligned with earlier rulings and judicial precedents. The reliance on Circular No.9/2002 by the Tribunal was upheld, emphasizing the compatibility of specific and general provisions within the IT Act. en-us Mon, 27 Jun 2016 00:00:00 +0530 Sat, 27 Aug 2016 12:31:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=331572 The High Court dismissed the Revenue's appeal, affirming the Tribunal's decision that Co-operative Banks are not required to deduct tax on interest paid to their members under Section 194A(3)(v). The court found no substantial question of law warranting further consideration, as the decision aligned with earlier rulings and judicial precedents. The reliance on Circular No.9/2002 by the Tribunal was upheld, emphasizing the compatibility of specific and general provisions within the IT Act. Case-Laws Income Tax Mon, 27 Jun 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=331572