https://www.taxtmi.com/caselaws?id=766699 ITAT Chandigarh held that cooperative bank was not liable to deduct TDS under section 194A on interest payments to other cooperative societies, regardless of membership status. Section 194A(3)(v) provides express exemption for payments between cooperative societies. Additionally, TDS was not required on interest paid to state government-run temple under section 194A(3)(iii)(f) notification exempting government-financed undertakings. Revenue's additions for non-deduction of TDS were deleted. Assessee's appeal allowed. en-us Thu, 27 Feb 2025 00:00:00 +0530 Fri, 28 Feb 2025 14:59:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=766699 ITAT Chandigarh held that cooperative bank was not liable to deduct TDS under section 194A on interest payments to other cooperative societies, regardless of membership status. Section 194A(3)(v) provides express exemption for payments between cooperative societies. Additionally, TDS was not required on interest paid to state government-run temple under section 194A(3)(iii)(f) notification exempting government-financed undertakings. Revenue's additions for non-deduction of TDS were deleted. Assessee's appeal allowed. Case-Laws Income Tax Thu, 27 Feb 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=766699