https://www.taxtmi.com/caselaws?id=265454 The tribunal partly allowed the appeal, upholding the re-opening of assessment for the impugned year under Sec.147 r.w.s.2((24) of the IT Act due to non-deduction of tax on interest payments under Sec.40(a)(ia). The tribunal considered the disallowance under Sec.40(a)(ia) as income under Sec.2(24) and validated the Assessing Officer's reasons for re-opening. However, the tribunal ruled in favor of the assessee regarding the applicability of Sec.40(a)(ia) as recipients had filed accurate Form 15G/H declarations, leading to the deletion of the disallowance. en-us Thu, 14 Aug 2014 00:00:00 +0530 Mon, 12 Oct 2015 06:11:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=265454 The tribunal partly allowed the appeal, upholding the re-opening of assessment for the impugned year under Sec.147 r.w.s.2((24) of the IT Act due to non-deduction of tax on interest payments under Sec.40(a)(ia). The tribunal considered the disallowance under Sec.40(a)(ia) as income under Sec.2(24) and validated the Assessing Officer's reasons for re-opening. However, the tribunal ruled in favor of the assessee regarding the applicability of Sec.40(a)(ia) as recipients had filed accurate Form 15G/H declarations, leading to the deletion of the disallowance. Case-Laws Income Tax Thu, 14 Aug 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=265454