In the result, appeal of the Revenue stands partly allowed for statistical purposes
Bench: Before Shri George Mathan, Judicial & Manish Agarwal Manish Agarwal
TDS. However, since the assessee is a co- operative bank, therefore, this exemption is not applicable to it. He further stated that from 1.6.2015, this anomaly has been removed and it is clearly provided that the cooperative banks are not eligible for this exemption. He accordingly, submitted that the assessee bank has not deducted tax at source on the payment