https://www.taxtmi.com/caselaws?id=341270 The appeal filed by the Revenue challenging the disallowance under Section 40(a)(ia) of the Income Tax Act was dismissed. The Tribunal upheld the CIT(A)'s decision to delete the disallowance, emphasizing that the failure to submit Form 15G/15H to the Commissioner was a procedural lapse warranting penalty but not disallowance. The Tribunal found that all necessary forms were submitted to the Assessing Officer and that the payment was completed within the year, supporting the deletion of the disallowance. en-us Fri, 24 Mar 2017 00:00:00 +0530 Wed, 05 Apr 2017 08:35:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=341270 The appeal filed by the Revenue challenging the disallowance under Section 40(a)(ia) of the Income Tax Act was dismissed. The Tribunal upheld the CIT(A)'s decision to delete the disallowance, emphasizing that the failure to submit Form 15G/15H to the Commissioner was a procedural lapse warranting penalty but not disallowance. The Tribunal found that all necessary forms were submitted to the Assessing Officer and that the payment was completed within the year, supporting the deletion of the disallowance. Case-Laws Income Tax Fri, 24 Mar 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=341270