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2003 (7) TMI 49 - HC - Income TaxCooperative society – deduction of the income-tax out of the interest paid by them on time deposits - respondent-society comes within the types of co-operative societies made mention of in clause (viia)(a) of sub-section (3) of section 194A – Thus, the respondent-society will not be liable in terms of sub-section (1) of section 194A - learned single judge as per the impugned judgment, quashed the notices holding that going by the provisions contained in section 194A(3)(viia)(a) of the Income-tax Act, 1961, the writ petitioners were not liable to deduct income-tax at source in respect of the interest so paid, as sub-section (3) exempts them from the coverage of sub-section (1) of section 194A – order of learned single judge is justified
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