This is premium content. Please become a Premium member. If you are already a member, login here to access the full content.
Income paid to member or to a cooperative society by a Co-operative Society is not liable to TDS
Case Law Details
- Case Name
- Almora Urban Co-operative Bank Ltd. Vs ITO (TDS) (ITAT Delhi)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Courts
- All ITAT, ITAT Delhi
Upgrade to Basic or Premium to download.
Already Upgraded? Log in.
Advertisement
Sections Involved 194A (1) r.w. 194A (3) clause (b) & (v), 2 (19)- Definition of Co-operative Society
Contentions of Assessee:
Assessee being a co-operative society, registered under Cooperative Societies Act, contended that, there was no obligation upon the it to deduct tax at source on the payments made to members (Interest on deposits made by members) and accordingly the demand u/s 201(1)/201(1A) could not have been raised. (Even CIT-(A) also confirmed the AO’s statement and thereby assessee forced to appeal before ITAT.)
Contentions/View of Revenue
The AO on spo...
