https://www.taxtmi.com/caselaws?id=361855 The ITAT allowed the appeal, ruling that non-submission of Form 15G/15H to the Chief Commissioner/Commissioner should not result in disallowance under Section 40(a)(ia) if other conditions are met. The ITAT distinguished between the requirements of Section 197A(1A) and (2) and emphasized that failure to comply with the latter should not negate benefits under Section 197A(1A) for recipients below the taxable limit. The decision favored the assessee, overturning the AO's disallowance under Section 40(a)(ia) for not deducting TDS on interest paid on unsecured loans. en-us Mon, 04 Jun 2018 00:00:00 +0530 Fri, 15 Jun 2018 10:10:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=361855 The ITAT allowed the appeal, ruling that non-submission of Form 15G/15H to the Chief Commissioner/Commissioner should not result in disallowance under Section 40(a)(ia) if other conditions are met. The ITAT distinguished between the requirements of Section 197A(1A) and (2) and emphasized that failure to comply with the latter should not negate benefits under Section 197A(1A) for recipients below the taxable limit. The decision favored the assessee, overturning the AO's disallowance under Section 40(a)(ia) for not deducting TDS on interest paid on unsecured loans. Case-Laws Income Tax Mon, 04 Jun 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=361855