https://www.taxtmi.com/caselaws?id=195771 The Tribunal allowed the appeal for statistical purposes, remanding the matter to the Assessing Officer for verification of whether the creditors had paid the due tax on interest income. If confirmed, the disallowance under Section 40(a)(ia) would not apply, aligning with the second proviso to the section. The decision was based on the Delhi High Court's reasoning in a similar case and was pronounced on 22/08/2016. en-us Mon, 22 Aug 2016 00:00:00 +0530 Fri, 10 Nov 2017 08:09:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=195771 The Tribunal allowed the appeal for statistical purposes, remanding the matter to the Assessing Officer for verification of whether the creditors had paid the due tax on interest income. If confirmed, the disallowance under Section 40(a)(ia) would not apply, aligning with the second proviso to the section. The decision was based on the Delhi High Court's reasoning in a similar case and was pronounced on 22/08/2016. Case-Laws Income Tax Mon, 22 Aug 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=195771