Bombay Mercantile Co-operative Bank Ltd. vs. ITO (TDS)-Ward-19(1)(3)
Case No: ITA No. 3205/Mum/2025 & ITA No. 3206/Mum/2025
Court: Income Tax Appellate Tribunal, 'B' Bench, Mumbai
Date: 1/7/2026
Parties Involved
appellantBombay Mercantile Co-operative Bank Ltd.
respondentITO (TDS)-Ward-19(1)(3)
Facts Summary
The appeals were filed by Bombay Mercantile Co-operative Bank Ltd. against the order of the Additional/Joint Commissioner of Income Tax(A)-1, Ahmadabad, dated 16.10.2024, which in turn arises from the orders passed under section 201 by ITO(TDS), Ward-1(1)(1)(3) of the Income Tax Act, 1961, dated 05.01.2023 & 29.12.2023. The issue pertains to TDS defaults on the part of the assessee. The Assessing Officer (AO) held that the assessee failed to comply with the provisions of section 194A(1) r.w.s. 1…
Decision in favour of
Assessee
Legal Issues
- 1. Whether the assessee was required to deduct TDS on interest paid to other Co-operative Societies or Co-operative Banks under section 194A of the Act.
Precedents Relied Upon
4 precedents cited in this judgement.