https://www.taxtmi.com/caselaws?id=329796 Section 40(a)(ia) was treated as inapplicable to interest already paid where the assessee was not liable to be treated as an assessee in default under section 201(1). The proviso was applied so that, for disallowance purposes, tax is deemed deducted and paid when the recipient is not chargeable to tax or the payer is otherwise not in default. On the facts noted, the recipients were largely exempt entities or persons not liable to tax, and the deletion of the disallowance was upheld. en-us Fri, 01 Jul 2016 00:00:00 +0530 Wed, 06 Jul 2016 17:05:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=329796 Section 40(a)(ia) was treated as inapplicable to interest already paid where the assessee was not liable to be treated as an assessee in default under section 201(1). The proviso was applied so that, for disallowance purposes, tax is deemed deducted and paid when the recipient is not chargeable to tax or the payer is otherwise not in default. On the facts noted, the recipients were largely exempt entities or persons not liable to tax, and the deletion of the disallowance was upheld. Case-Laws Income Tax Fri, 01 Jul 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=329796