https://www.taxtmi.com/caselaws?id=367954 The Tribunal allowed the appeal of the assessee, ruling that the Co-operative bank was not obligated to deduct tax at source from interest payments to its members or Co-operative societies for the assessment year 2012-13. Citing section 194A(3)(v) and a precedent from the Hon'ble Bombay High Court, it was clarified that Co-operative banks were not required to deduct TDS before 01.06.2015. The decision emphasized the interpretation of the relevant provisions and provided clarity on the TDS obligations of Co-operative banks. en-us Tue, 25 Sep 2018 00:00:00 +0530 Fri, 28 Sep 2018 09:13:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=367954 The Tribunal allowed the appeal of the assessee, ruling that the Co-operative bank was not obligated to deduct tax at source from interest payments to its members or Co-operative societies for the assessment year 2012-13. Citing section 194A(3)(v) and a precedent from the Hon'ble Bombay High Court, it was clarified that Co-operative banks were not required to deduct TDS before 01.06.2015. The decision emphasized the interpretation of the relevant provisions and provided clarity on the TDS obligations of Co-operative banks. Case-Laws Income Tax Tue, 25 Sep 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=367954