https://www.taxtmi.com/caselaws?id=398342 The Tribunal ruled in favor of the assessee, holding that interest payments made to members of a co-operative bank, including Hindu Undivided Family (HUF) and unregistered firms, did not require tax deduction at source under section 194A. The disallowance under section 40(a)(ia) was deemed unwarranted as these entities were recognized as legal members of the bank. The Tribunal set aside the disallowance, allowing the appeal and overturning the decision of the Assessing Officer and CIT(A). en-us Thu, 10 Sep 2020 00:00:00 +0530 Sat, 12 Sep 2020 14:28:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=398342 The Tribunal ruled in favor of the assessee, holding that interest payments made to members of a co-operative bank, including Hindu Undivided Family (HUF) and unregistered firms, did not require tax deduction at source under section 194A. The disallowance under section 40(a)(ia) was deemed unwarranted as these entities were recognized as legal members of the bank. The Tribunal set aside the disallowance, allowing the appeal and overturning the decision of the Assessing Officer and CIT(A). Case-Laws Income Tax Thu, 10 Sep 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=398342