ABHYUDAYA CO-OP. BANK LTD. vs. INCOME-TAX OFFICER,,
In the result, the appeal of assessee is partly allowed
ITA 52/PUN/2016[2014-15]Status: DisposedITAT Pune05 Apr 2018AY 2014-15
Bench: Ms. Sushma Chowla, Jm & Shri Anil Chaturvedi, Am आयकर अपीऱ सं. / Ita No.52/Pun/2016 यििाारण वषा / Assessment Year : 2014-15 Abhyudaya Co-Op. Bank Ltd., New Panvel Branch, Plot No.16, Sector 17, Cidco Colony, अऩीऱाथी/Appellant New Panvel – 410206 …. Pan:Aaaaa0300L Vs. The Income Tax Officer (Tds), …. प्रत्यथी / Respondent Panvel
For Appellant: Shri C.H. NaniwadekarFor Respondent: Shri Rajeev Kumar, CIT
Section 194ASection 194A(1)Section 194A(3)(i)Section 194A(3)(v)Section 194A(3)(viia)Section 201Section 201(1)
TDS was not deducted on interest paid to Co-operative societies, members and shareholders. The assessee explained that under section 194A(3)(v) of the Act, it is provided that provisions of section 194A(1) of the Act will not apply to such income credited or paid by Co-operative society to its members or to any other Co-operative
