https://www.taxtmi.com/caselaws?id=362920 The Tribunal upheld the CIT (A)'s decision in favor of the cooperative society, ruling that tax deduction on interest payments exceeding the statutory limit was not required based on relevant High Court judgments and government circulars exempting such deductions for cooperative banks. The Revenue's appeal challenging the disallowance of interest payment amount exceeding the limit was dismissed, emphasizing the legal interpretations provided by the High Court decisions and circulars. en-us Fri, 01 Jun 2018 00:00:00 +0530 Thu, 05 Jul 2018 16:55:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=362920 The Tribunal upheld the CIT (A)'s decision in favor of the cooperative society, ruling that tax deduction on interest payments exceeding the statutory limit was not required based on relevant High Court judgments and government circulars exempting such deductions for cooperative banks. The Revenue's appeal challenging the disallowance of interest payment amount exceeding the limit was dismissed, emphasizing the legal interpretations provided by the High Court decisions and circulars. Case-Laws Income Tax Fri, 01 Jun 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=362920