https://www.taxtmi.com/caselaws?id=348072 The Tribunal set aside the CIT(Appeals) order holding a bank in default for non-deduction of TDS on FDR interest due to irregular Form 15G/15H submissions. Emphasizing that irregularities in form filing do not automatically constitute default, the Tribunal directed the Assessing Officer to re-examine the forms. If found correct, the bank should not be deemed in default, and no demand should be raised under sections 201(1) & 201(1A) of the Income Tax Act. The matter was remanded for fresh adjudication with the bank granted a hearing opportunity, and the appeal was allowed for statistical purposes. en-us Wed, 09 Aug 2017 00:00:00 +0530 Sat, 16 Sep 2017 08:08:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=348072 The Tribunal set aside the CIT(Appeals) order holding a bank in default for non-deduction of TDS on FDR interest due to irregular Form 15G/15H submissions. Emphasizing that irregularities in form filing do not automatically constitute default, the Tribunal directed the Assessing Officer to re-examine the forms. If found correct, the bank should not be deemed in default, and no demand should be raised under sections 201(1) & 201(1A) of the Income Tax Act. The matter was remanded for fresh adjudication with the bank granted a hearing opportunity, and the appeal was allowed for statistical purposes. Case-Laws Income Tax Wed, 09 Aug 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=348072