https://www.taxtmi.com/caselaws?id=274000 The Tribunal upheld the decision in favor of the cooperative society engaged in banking, ruling that it was exempt from deducting TDS under Section 194(3)(v) of the Income Tax Act. The Tribunal also found the demand for short deduction of TDS and interest unjustified, as the forms were submitted to the Income Tax Department, even though not directly to the CIT. The appeals filed by the Revenue were dismissed, affirming the Ld. CIT(A)'s orders in favor of the appellant on both issues. en-us Wed, 27 Sep 2017 00:00:00 +0530 Tue, 24 Jul 2018 10:00:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=274000 The Tribunal upheld the decision in favor of the cooperative society engaged in banking, ruling that it was exempt from deducting TDS under Section 194(3)(v) of the Income Tax Act. The Tribunal also found the demand for short deduction of TDS and interest unjustified, as the forms were submitted to the Income Tax Department, even though not directly to the CIT. The appeals filed by the Revenue were dismissed, affirming the Ld. CIT(A)'s orders in favor of the appellant on both issues. Case-Laws Income Tax Wed, 27 Sep 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=274000