https://www.taxtmi.com/caselaws?id=272453 The court affirmed that cooperative banks were not obligated to deduct tax from interest payments on time deposits to members before 1st June 2015. The Revenue's appeal was dismissed based on Circular No.19/2015 issued by the Ministry of Finance, Government of India, clarifying the tax deduction obligations of cooperative banks. The decision provided clarity on the Income Tax Act's provisions regarding cooperative banks' tax deduction requirements, resolving the dispute. en-us Wed, 07 Jun 2017 00:00:00 +0530 Fri, 04 May 2018 08:52:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=272453 The court affirmed that cooperative banks were not obligated to deduct tax from interest payments on time deposits to members before 1st June 2015. The Revenue's appeal was dismissed based on Circular No.19/2015 issued by the Ministry of Finance, Government of India, clarifying the tax deduction obligations of cooperative banks. The decision provided clarity on the Income Tax Act's provisions regarding cooperative banks' tax deduction requirements, resolving the dispute. Case-Laws Income Tax Wed, 07 Jun 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=272453