Section 194A of the Income Tax Act, 1961 — TDS — A Co-operative society carrying on the business of banking with the approval of the RBI was not liable to deduct tax at source  under section 194A on interest paid to its members, therefore, the assessee was not obliged to deduct tax at source on the interest payments made to its members for the A.Y. 2012-13 and 2013—14 — Virudhunagar District Central Co-operative Bank Ltd. vs. Income Tax Officer [2018] 68 ITR trib 1 (Chennai) (SB)