TMI Blog2022 (12) TMI 211X X X X Extracts X X X X X X X X Extracts X X X X ..... -11 whereas a cooperative bank has been excluded from the purview of section 194(A)(3)(v) vide Finance Act 2015 w.e.f. 01.06.2015 only. This tribunal s Special Bench decision is The Virudhunagar Central District Co-Operative Bank Ltd. [ 2018 (10) TMI 1170 - ITAT CHENNAI] has followed hon ble Madras high court s judgment M/s. Coimbatore District Central Co-Operative Bank Ltd. [ 2016 (1) TMI 3 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 0,095/- in very terms therefore. The assessee s sole substantive grievance is accepted therefore. - ITA No.1485/PUN/2018 - - - Dated:- 29-9-2022 - Shri S.S.Godara, JM And Shri G.D. Padmahshali, AM For the Assessee : None For the Revenue : Shri M.G.Jasnani ORDER PER S. S. GODARA, JM : 1. This assessee s appeal for A.Y. 2010-11 is directed against the CIT(A)-7, Pune s o ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ding section 80P deduction claim; against the department. 3. The factual position is hardly different on merits as well wherein Mr. Jasnani strongly supported the learned lower authorities conclusion that the assessee had failed to deduct TDS on its interest payments. We find no merit in the Revenue s instant arguments as we are in assessment year 2010-11 whereas a cooperative bank has been ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... A No. 100001 of 2014 dated 16.12.2015 in The Bailhongal Urban Cooperative Bank Ltd., V/s. CIT and Tax Appeals No. 3 to 9 and 11 of 2015 dated 07.03.2017 in Saraswat co-operative Bank V/s. ITO take note of forgoing legislation developments to hold that a co-operative bank/ assessee has no liability to deduct TDS on interest payments made to members. We thus delete the impugned section 194A r.w.s. 4 ..... X X X X Extracts X X X X X X X X Extracts X X X X
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