https://www.taxtmi.com/caselaws?id=448011 ITAT Chennai set aside CIT(A) orders regarding TDS liability under Section 194N on cash payments to Primary Agricultural Co-operative Credit Societies (PACCS) for Pongal gifts and agrarian loans. The tribunal noted that Madras HC had granted six weeks to Ministry of Finance and CBDT to decide Tamil Nadu Government's request for exempting PACCS from Section 194N purview. Since the exemption issue remains pending with appropriate authorities and would directly impact the demand, ITAT restored appeals to CIT(A) for fresh adjudication based on the final government decision on PACCS exemption. en-us Tue, 31 Oct 2023 00:00:00 +0530 Wed, 10 Jan 2024 11:27:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=448011 ITAT Chennai set aside CIT(A) orders regarding TDS liability under Section 194N on cash payments to Primary Agricultural Co-operative Credit Societies (PACCS) for Pongal gifts and agrarian loans. The tribunal noted that Madras HC had granted six weeks to Ministry of Finance and CBDT to decide Tamil Nadu Government's request for exempting PACCS from Section 194N purview. Since the exemption issue remains pending with appropriate authorities and would directly impact the demand, ITAT restored appeals to CIT(A) for fresh adjudication based on the final government decision on PACCS exemption. Case-Laws Income Tax Tue, 31 Oct 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=448011