AAR: TDS provisions inapplicable to Co-operative Society, neither owned or controlled by Govt.

Tamil Nadu AAR holds that TDS provisions are not applicable to a Co-operative society, registered under Tamil Nadu Co-operative Societies Act; Observes that the applicant is an Apex Society and capital structure is to be raised from members share capital contribution, Government Share Particulars and  Loan from National Corporation of Development of Co-operative and the Governments’ share contribution constitute 51% of the total share capital of the Federation; Notes t...