https://www.taxtmi.com/caselaws?id=389655 The court allowed the writ petition, ruling that tax deduction at source should not apply to interest payments made by a Co-operative Society to another Co-operative Society under Section 194A(3)(v) of the Income Tax Act. The judgment clarified that the petitioner, a Primary Agricultural Credit Society, is exempt from TDS on interest income received from the Co-operative Bank, ensuring no unnecessary tax deductions on such payments. en-us Fri, 18 Oct 2019 00:00:00 +0530 Sat, 14 Dec 2019 10:05:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=389655 The court allowed the writ petition, ruling that tax deduction at source should not apply to interest payments made by a Co-operative Society to another Co-operative Society under Section 194A(3)(v) of the Income Tax Act. The judgment clarified that the petitioner, a Primary Agricultural Credit Society, is exempt from TDS on interest income received from the Co-operative Bank, ensuring no unnecessary tax deductions on such payments. Case-Laws Income Tax Fri, 18 Oct 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=389655