THEACIT, COCHIN vs. THE ERNAKULAM DISTRICT CO-OPERATIVE BANK LTD, COCHIN

In the result, the appeal filed by the revenue is dismissed

Bench: S/Shri Abraham P George, Am & George George K, Jm & (Asst Year 2010-11)) The Ernakulam Dist Coop Bank Ltd Vs The Jt Director Of Income Tax Kakkanad (Exemption) Kochi Kochi ( Appellant/Respondent) (Respondent/Appellant)

TDS on interest paid to various welfare boards. We shall take for adjudication the issues ground wise as under: Ground no.1: 4 The brief facts of the case are as follows: The assessee is a cooperative bank. For the Assessment Year 2010-11, the assessee claimed deduction u/s 36(1)(viia) of the Act in the computation of total income

M/S.THE ERNAKULAM DISTRICT CO-OP BANK LTD,COCHIN vs. THE JT. DIRECTOR OF INCOME TAX (EXEMPTION),, COCHIN

In the result, the appeal filed by the revenue is dismissed