https://www.taxtmi.com/caselaws?id=293049 The High Court upheld the Tribunal's decision, ruling that co-operative banks are not obligated to deduct tax at source on interest paid to members under Section 194A(3)(v) of the IT Act, 1961. The Court found no substantial question of law, affirming the Tribunal's interpretation and citing previous case law supporting this exemption. The appeal was dismissed, emphasizing the coherence between specific and general provisions and referencing Circular No. 19/2015 to further support the exemption for co-operative banks. en-us Mon, 27 Jun 2016 00:00:00 +0530 Wed, 20 Jan 2021 13:26:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=293049 The High Court upheld the Tribunal's decision, ruling that co-operative banks are not obligated to deduct tax at source on interest paid to members under Section 194A(3)(v) of the IT Act, 1961. The Court found no substantial question of law, affirming the Tribunal's interpretation and citing previous case law supporting this exemption. The appeal was dismissed, emphasizing the coherence between specific and general provisions and referencing Circular No. 19/2015 to further support the exemption for co-operative banks. Case-Laws Income Tax Mon, 27 Jun 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=293049