CITIZEN CREDIT CO-OPERATIVE BANK LTD (MULUND BRANCH),MUMBAI vs. ITO (TDS)-1(1)(4), MUMBAI

In the result, the appeal of the assessee is partly allowed for statistical\npurposes

TDS on interest payments exceeding Rs. 10,000/-.", "result": "Dismissed", "sections": [ "Section 194A(1)", "Section 194A(3)(i)(b)", "Section 194A(3)(v)", "Section 194A(3)(viia)(b)", "Section 201(1)", "Section 201(1A)", "Section 271C", "Section 80P

CITIZEN CREDIT CO-OPERATIVE BANK LTD,MUMBAI vs. ITO (TDS)-1(1)(4), MUMBAI

In the result, the appeal of the assessee is partly allowed for statistical\npurposes

TDS on interest payments exceeding Rs. 10,000/-.", "result": "Dismissed", "sections": [ "Section 194A(1)", "Section 194A(3)(i)(b)", "Section 194A(3)(v)", "Section 194A(3)(viia)(b)", "Section 201(1)", "Section 201(1A)", "Section 80P

CITIZENCREDIT CO OPERATIVE BANK LIMITED (KULA BRANCH),MUMBAI vs. ITO (TDS) WARD 1(1)(4), MUMBAI

In the result, the appeal of the assessee is partly allowed for statistical\npurposes

TDS.", "result": "Dismissed", "sections": [ "Section 194A", "Section 250", "Section 201(1)", "Section 201(1A)", "Section 194A(3)(v)", "Section 194A(3)(i)(b)", "Section 194A(3)(viia)(b)", "Section 80P

CITIZEN CREDIT CO-OPERATIVE BANK LTD (COLABA BRANCH),MUMBAI vs. ITO (TDS)-1(1)(4), MUMBAI

In the result, the appeal of the assessee is partly allowed for statistical\npurposes

1) to Co-op.\nsocieties other than a Co-op. bank to a member thereof or to such income\ncredited or paid by a Co-op. society to any other Co-op. society. The second limb\nof 194A(3)(v) exempts a “Co-op. society” from TDS on payment made to another\n“Co-op. society”. The second limb does

CITIZENCREDIT CO-OPERATIVE BANK LIMITED (MAHIM BRANCH),MUMBAI vs. ITO (TDS) WARD 1(1)(4), MUMBAI

Appeal of the assessee is partly allowed for statistical purposes

TDS on interest payments exceeding Rs. 10,000/-.", "result": "Dismissed", "sections": ["194A(1)", "194A(3)(i)(b)", "194A(3)(v)", "194A(3)(viia)(b)", "201(1)", "201(1A)", "80P

CITIZENCREDIT CO OPERATIVE BANK LIMITED (AMBOLI BRANCH),MUMBAI vs. ITO(TDS) 1(1)(4), MUMBAI

In the result, the appeal of the assessee is partly allowed for statistical\npurposes

b), which deal with cooperative societies engaged in the business of banking, override the general exemption provided under Section 194A(3)(v). Therefore, the assessee was liable to deduct TDS.", "result": "Dismissed", "sections": ["Section 194A", "Section 201(1)", "Section 201(1A)", "Section 80P

CITIZENCREDIT CO OPERATIVE BANK LIMITED ( BORIVILI BRANCH),MUMBAI vs. ITO (TDS)1(1)(4), MUMBAI

In the results, all the appeals of the assessee are dismissed

Bench: Shri Sandeep Gosain & Shri Prabhash Shankar

1)(b) and section 194A(3)(viia)(b) of the Act, can take the benefit of general exemption provided to all co-operative societies from deduction of tax on payment of interest to members. The matter was carried to judicial forums and in some cases a view has been taken that the provisions of section 194A(3)(viia)(b

CITIZEN CREDIT CO-OPERATIVE BANK LTD,MUMBAI vs. ITO (TDS)-1(1)(4), MUMBAI

In the result, the appeal of the assessee is partly allowed for statistical\npurposes

1) to Co-op.\nsocieties other than a Co-op. bank to a member thereof or to such income\ncredited or paid by a Co-op. society to any other Co-op. society. The second limb\nof 194A(3)(v) exempts a “Co-op. society” from TDS on payment made to another\n“Co-op. society”. The second limb does

CITIZENCREDIT CO OPERATIVE BANK LIMITED (SANTACRUZ BRANCH),MUMBAI vs. ITO (TDS)-1(1)(4), MUMBAI

In the result, the appeal of the assessee is partly allowed for statistical\npurposes

1) to Co-op.\nsocieties other than a Co-op. bank to a member thereof or to such income\ncredited or paid by a Co-op. society to any other Co-op. society. The second limb\nof 194A(3)(v) exempts a “Co-op. society” from TDS on payment made to another\n“Co-op. society”. The second limb does

CITIZEN CREDIT CO OPERATIVE BANK LIMITED ( MULUND BRANCH),MUMBAI vs. ITO (TDS)1(1)(4), MUMBAI

b) of the Act, which deal with co-operative societies engaged in the business of banking, override the general provisions of Section 194A(3)(v). The Tribunal further clarified that the amendment to Section 194A(3)(v) by the Finance Act, 2015, was prospective and applied from 01.06.2015 onwards. It was noted that the assessee was liable to deduct TDS

CITIZENCREDIT CO OPERATIVE BANK LIMITED (VAKOLA BRANCH),MUMBAI vs. ITO (TDS)1(1)4, MUMBAI

In the results, all the appeals of the assessee are\ndismissed

1)(b) and section\n194A(3)(viia)(b) of the Act, can take the benefit of general exemption\nprovided to all co-operative societies from deduction of tax on payment of\ninterest to members. The matter was carried to judicial forums and in\nsome cases a view has been taken that the provisions of section\n194A(3)(viia)(b

CITIZENCREDIT CO OPERATIVE BANK LIMITED ,(CHEMBUR BRANCH),MUMBAI vs. ITO (TDS)1(1)(4), MUMBAI

In the result, the appeal of the assessee is partly allowed for statistical\npurposes

1) to Co-op.\nsocieties other than a Co-op. bank to a member thereof or to such income\ncredited or paid by a Co-op. society to any other Co-op. society. The second limb\nof 194A(3)(v) exempts a “Co-op. society” from TDS on payment made to another\n“Co-op. society”. The second limb does

CITIZENCREDIT CO OPERATIVE BANK LIMITED (TURNER ROAD BRANCH),MUMBAI vs. ITO (TDS)1(1)(4), MUMBAI

In the results, all the appeals of the assessee are\ndismissed

1)(b) and section\n194A(3)(viia)(b) of the Act, can take the benefit of general exemption\nprovided to all co-operative societies from deduction of tax on payment of\ninterest to members. The matter was carried to judicial forums and in\nsome cases a view has been taken that the provisions of section\n194A(3)(viia)(b

CITIZENCREDIT CO OPERATIVE BANK LIMITED ( KURLA BRANCH),MUMBAI vs. ITO (TDS)1(1)(4), MUMBAI

In the results, all the appeals of the assessee are\ndismissed

1)(b) and section\n194A(3)(viia)(b) of the Act, can take the benefit of general exemption\nprovided to all co-operative societies from deduction of tax on payment of\ninterest to members. The matter was carried to judicial forums and in\nsome cases a view has been taken that the provisions of section\n194A(3)(viia)(b

CITIZENCREDIT CO OPERATIVE BANK LIMITED (MALAD BRANCH),MUMBAI vs. ITO (TDS)1(1)(4), MUMBAI

In the results, all the appeals of the assessee are\ndismissed

1)(b) and section\n194A(3)(viia)(b) of the Act, can take the benefit of general exemption\nprovided to all co-operative societies from deduction of tax on payment of\ninterest to members. The matter was carried to judicial forums and in\nsome cases a view has been taken that the provisions of section\n194A(3)(viia)(b

CITIZEN CREDIT CO-OPERATIVE BANK LTD (KALINA BRANCH),MUMBAI vs. ITO (TDS)-1(1)(4), MUMBAI

b) of the Act, which deal with cooperative societies engaged in the business of banking, prevail over the general exemption provided under Section 194A(3)(v). Therefore, the assessee was liable to deduct TDS.", "result": "Dismissed", "sections": ["Section 250 of the Income-tax Act, 1961", "Section 194A of the Income-tax Act, 1961", "Section 201(1) of the Income

CITIZENCREDIT CO OPERATIVE BANK LIMITED (SANTACRUZ BRANCH),MUMBAI vs. ITO (TDS) 1 (1)(4), MUMBAI

In the results, all the appeals of the assessee are\ndismissed

1)(b) and section\n194A(3)(viia)(b) of the Act, can take the benefit of general exemption\nprovided to all co-operative societies from deduction of tax on payment of\ninterest to members. The matter was carried to judicial forums and in\nsome cases a view has been taken that the provisions of section\n194A(3)(viia)(b

CITIZENCREDIT CO OPERATIVE BANK LIMITED (WADALA BRANCH),MUMBAI vs. ITO (TDS)1(1)4, MUMBAI

In the results, all the appeals of the assessee are\ndismissed

1)(b) and section\n194A(3)(viia)(b) of the Act, can take the benefit of general exemption\nprovided to all co-operative societies from deduction of tax on payment of\ninterest to members. The matter was carried to judicial forums and in\nsome cases a view has been taken that the provisions of section\n194A(3)(viia)(b