Writ dismissed as circular issued by District Central Cooperative Banks merely informed adhering to the provisions of section 194N

Molasi Primary Agricultural Co-operative Credit Society Ltd Vs ITO (Madras High Court) Madras High Court dismissed the writ petition challenging the circular issued by District Central Cooperative Banks as the circular merely sought to bring to the notice of the petitioner societies the statutory provisions in regard to the deduction of tax, enjoining that they adhere to and comply with the same. Facts- This writ petition is filed by Primary Agricultural Co-operative Credit Societies that functions for the purposes of advancing crop and fertilizer loans to agriculturalists and have accounts wi...