https://www.taxtmi.com/caselaws?id=426539 The Tribunal allowed the appeal for the assessment year 2010-11, holding that a cooperative bank was eligible for exemption under section 194A(3)(v) for interest payments to nominal members. The Tribunal directed the Assessing Officer to delete the addition made under section 40(a)(ia) for non-deduction of TDS on interest paid to nominal members. This decision applied to all ten appeals filed by the assessees for different assessment years, overturning the lower authorities' decisions. en-us Mon, 18 Jul 2022 00:00:00 +0530 Sat, 20 Aug 2022 09:31:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=426539 The Tribunal allowed the appeal for the assessment year 2010-11, holding that a cooperative bank was eligible for exemption under section 194A(3)(v) for interest payments to nominal members. The Tribunal directed the Assessing Officer to delete the addition made under section 40(a)(ia) for non-deduction of TDS on interest paid to nominal members. This decision applied to all ten appeals filed by the assessees for different assessment years, overturning the lower authorities' decisions. Case-Laws Income Tax Mon, 18 Jul 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=426539