2019 (12) TMI 538

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....RI.ACHYUT K PADMARAJ, SMT. ARYA ANIL, SHRI.GOKULRAJ L. For the Respondent : SRI.CHRISTOPHER ABRAHAM, INCOME TAX DEPARTMENT, SRI.ATHUL SHAJI, SC, KOTTAYAM DISTRICT CO.OPERATIVE BANK LTD. JUDGMENT The petitioner is a Primary Agricultural Credit Society registered under the provision of the Kerala Co-operative Societies Act. In the writ petition, the petitioner is aggrieved by Ext.P2 communication....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....erative Society. It is the case of the petitioner that the payment of interest from the Kottayam District Cooperative Bank to the petitioner has to be viewed as a payment of income by a Co-operative Society to another Co-operative Society and hence the provisions of Section 194A (3)(v) would apply to exclude the receipts of interest income by the petitioner from the requirement of tax deduction at....