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2016 (4) TMI 644 - AT - Income TaxTDS u/s 194A - payment of interest by the assessee to its members and to the other co-operative societies for want of deduction of tax at source - invoking provisions of sections 201(1) and 201(1A) - Held that:- Identical issue was considered and decided by the co-ordinate bench of this Tribunal vide order dt.30.5.2014 in the case of Bagalkot Central District Co-operative Society (2015 (1) TMI 1005 - ITAT BANGALORE ) wherein the Bench has held that co-operative society carrying on banking business need not to deduct tax at source under Section 194A in respect of the interest paid to members on deposits by virtue of exemption granted vide clause (v) of the sub-section (3) of the said section. - Decided in favour of assessee
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