https://www.taxtmi.com/caselaws?id=419857 Interest on share capital paid by a cooperative bank to members was treated as a revenue deduction, not an appropriation of profits, following earlier year precedent. Interest paid to members on deposits was held exempt from TDS under section 194A(3)(v), so disallowance under section 40(a)(ia) was not warranted. Amortization of premium on Government securities in the HTM category was accepted because it conformed to the applicable CBDT instruction. Premium paid to LIC towards employees' gratuity liability was also allowed, as pending approval of the gratuity fund did not defeat the claim on the facts. en-us Wed, 16 Mar 2022 00:00:00 +0530 Tue, 22 Mar 2022 09:00:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=419857 Interest on share capital paid by a cooperative bank to members was treated as a revenue deduction, not an appropriation of profits, following earlier year precedent. Interest paid to members on deposits was held exempt from TDS under section 194A(3)(v), so disallowance under section 40(a)(ia) was not warranted. Amortization of premium on Government securities in the HTM category was accepted because it conformed to the applicable CBDT instruction. Premium paid to LIC towards employees' gratuity liability was also allowed, as pending approval of the gratuity fund did not defeat the claim on the facts. Case-Laws Income Tax Wed, 16 Mar 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=419857