https://www.taxtmi.com/caselaws?id=795748 Cash-deposit additions in a cooperative society require verification of member identities, transaction genuineness and creditworthiness through member ledgers, day books, audit reports and supporting records where deposits are claimed to arise from member receipts and loan recoveries. The note states that the deduction claim and interest disallowance also require verification of the return and whether interest was paid exclusively to members, as member payments by a cooperative society other than a cooperative bank are not subject to tax deduction at source. It describes de novo assessment after production of evidence and a reasonable hearing. en-us Fri, 12 Jun 2026 00:00:00 +0530 Mon, 27 Jul 2026 08:27:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=795748 Cash-deposit additions in a cooperative society require verification of member identities, transaction genuineness and creditworthiness through member ledgers, day books, audit reports and supporting records where deposits are claimed to arise from member receipts and loan recoveries. The note states that the deduction claim and interest disallowance also require verification of the return and whether interest was paid exclusively to members, as member payments by a cooperative society other than a cooperative bank are not subject to tax deduction at source. It describes de novo assessment after production of evidence and a reasonable hearing. Case-Laws Income Tax Fri, 12 Jun 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=795748