https://www.taxtmi.com/caselaws?id=417910 The Tribunal ruled in favor of the assessee regarding the distribution of surplus among members of Self Help Groups (SHGs), holding that the surplus distributed to SHGs was not taxable under the principles of mutuality. Additionally, the Tribunal upheld that the assessee's trust was not required to deduct TDS under Section 194A on interest payments. The claim for exemption under Section 10(10C) was dismissed as un-academic due to the favorable outcomes on the first two issues. The appeals were partly allowed, with the order pronounced on 24th January 2022 at Chennai. en-us Mon, 24 Jan 2022 00:00:00 +0530 Fri, 04 Feb 2022 15:44:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=417910 The Tribunal ruled in favor of the assessee regarding the distribution of surplus among members of Self Help Groups (SHGs), holding that the surplus distributed to SHGs was not taxable under the principles of mutuality. Additionally, the Tribunal upheld that the assessee's trust was not required to deduct TDS under Section 194A on interest payments. The claim for exemption under Section 10(10C) was dismissed as un-academic due to the favorable outcomes on the first two issues. The appeals were partly allowed, with the order pronounced on 24th January 2022 at Chennai. Case-Laws Income Tax Mon, 24 Jan 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=417910