https://www.taxtmi.com/caselaws?id=403642 The Court dismissed the appeal in favor of the Assessee, ruling on the interpretation of Section 194A(3) and related provisions for tax deduction at source by cooperative societies. The Court clarified that the subsequent amendment did not apply to the relevant Assessment Year, allowing cooperative banks like the Assessee to benefit from the exemption. Additionally, the Court held that the principle of res judicata did not apply to this case, emphasizing consistency in decisions for the specific Assessment Year. en-us Thu, 07 Jan 2021 00:00:00 +0530 Thu, 04 Feb 2021 09:32:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=403642 The Court dismissed the appeal in favor of the Assessee, ruling on the interpretation of Section 194A(3) and related provisions for tax deduction at source by cooperative societies. The Court clarified that the subsequent amendment did not apply to the relevant Assessment Year, allowing cooperative banks like the Assessee to benefit from the exemption. Additionally, the Court held that the principle of res judicata did not apply to this case, emphasizing consistency in decisions for the specific Assessment Year. Case-Laws Income Tax Thu, 07 Jan 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=403642