https://www.taxtmi.com/caselaws?id=174863 The Tribunal allowed the appeal of the assessee regarding the disallowance of interest paid to creditors under section 40(a)(ia) of the Income Tax Act for the assessment year 2006-07. The Tribunal found that the delay in submitting Form 15G was due to oversight, but the forms were available before assessment. As a result, the Tribunal reversed the decision of the CIT(A) and directed the deletion of the addition, concluding that there was no reason to disallow the interest. en-us Fri, 30 Jul 2010 00:00:00 +0530 Mon, 26 Oct 2015 15:02:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=174863 The Tribunal allowed the appeal of the assessee regarding the disallowance of interest paid to creditors under section 40(a)(ia) of the Income Tax Act for the assessment year 2006-07. The Tribunal found that the delay in submitting Form 15G was due to oversight, but the forms were available before assessment. As a result, the Tribunal reversed the decision of the CIT(A) and directed the deletion of the addition, concluding that there was no reason to disallow the interest. Case-Laws Income Tax Fri, 30 Jul 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=174863