{"id":62089,"date":"2026-07-13T12:11:43","date_gmt":"2026-07-13T06:41:43","guid":{"rendered":"https:\/\/itatonline.org\/digest\/citizen-credit-co-operative-bank-ltd-v-ito-2025-237-ttj-681-2026-182-taxmann-com-693-mum-trib\/"},"modified":"2026-07-13T12:11:43","modified_gmt":"2026-07-13T06:41:43","slug":"citizen-credit-co-operative-bank-ltd-v-ito-2025-237-ttj-681-2026-182-taxmann-com-693-mum-trib","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/citizen-credit-co-operative-bank-ltd-v-ito-2025-237-ttj-681-2026-182-taxmann-com-693-mum-trib\/","title":{"rendered":"Citizen Credit Co-Operative Bank Ltd. v. ITO (2025) 237 TTJ 681 \/ [2026] 182 taxmann.com 693 (Mum) (Trib)"},"content":{"rendered":"<p><strong>\u00a0<\/strong><\/p>\n<p>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)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 194A: Deduction at source-Interest other than interest on securities-Payment of interest by co-operative bank to other cooperative societies-the exemption for deducting tax at source from the payment of interest is only up to Rs. 10,000-The assessee was liable to deduct TDS from payment of interest above this threshold. [S.194A(3)(v), 201(1)] <\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_post_was_ever_published":false},"categories":[21],"tags":[],"class_list":["post-62089","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-g9r","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/62089","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/comments?post=62089"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/62089\/revisions"}],"predecessor-version":[{"id":62090,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/62089\/revisions\/62090"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=62089"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=62089"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=62089"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}