Held that in view of the amendment of cl. (v) of sub-s. (3) of S. 194A w.e.f. 1st June, 2015, interest paid by a co-operative society engaged in banking business is exempt from deduction of tax at source up to an amount of Rs. 10,000; since the assessee is a co-operative bank covered by sub-cl. (b) of cl. (i) as well as cl. (viia) of s. 194A(3), the exemption for deducting TDS from the payment of interest is only up to Rs. 10,000, and, therefore, it was liable to deduct TDS from the payment of interest above this threshold limit. (AY. 2016-17)