https://www.taxtmi.com/caselaws?id=383102 The Tribunal allowed the appeal for statistical purposes, remanding both issues to the AO for fresh adjudication. The AO is directed to differentiate income from regular members vs. associate members and classify interest earned from cooperative banks appropriately. The assessee should be given a fair opportunity to present their case, and the AO must consider relevant judicial precedents before issuing a reasoned decision. en-us Fri, 12 Jul 2019 00:00:00 +0530 Tue, 16 Jul 2019 15:10:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=383102 The Tribunal allowed the appeal for statistical purposes, remanding both issues to the AO for fresh adjudication. The AO is directed to differentiate income from regular members vs. associate members and classify interest earned from cooperative banks appropriately. The assessee should be given a fair opportunity to present their case, and the AO must consider relevant judicial precedents before issuing a reasoned decision. Case-Laws Income Tax Fri, 12 Jul 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=383102