https://www.taxtmi.com/caselaws?id=771059 Karnataka HC quashed a show cause notice issued to a credit cooperative society regarding TDS obligations under Section 194A. The court held that the petitioner society, registered under The Karnataka Souharda Sahakari Act, 1997, qualified as a cooperative society under Section 2(19) of the IT Act and was entitled to exemption from TDS under Section 194A(3)(v) for interest payments to members. The show cause notice was deemed without jurisdiction and illegal, making further proceedings unnecessary. en-us Tue, 01 Apr 2025 00:00:00 +0530 Tue, 20 May 2025 08:53:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=771059 Karnataka HC quashed a show cause notice issued to a credit cooperative society regarding TDS obligations under Section 194A. The court held that the petitioner society, registered under The Karnataka Souharda Sahakari Act, 1997, qualified as a cooperative society under Section 2(19) of the IT Act and was entitled to exemption from TDS under Section 194A(3)(v) for interest payments to members. The show cause notice was deemed without jurisdiction and illegal, making further proceedings unnecessary. Case-Laws Income Tax Tue, 01 Apr 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=771059