https://www.taxtmi.com/caselaws?id=281008 The Tribunal dismissed the appeal for A.Y. 2009-10 as not pressed and partly allowed the appeals for A.Y. 2010-11 to 2012-13. The issue of disallowance under Section 40(a)(ia) was remanded back to the AO for verification, with directions to limit the disallowance to the extent the interest paid was not offered to tax by the recipients. The Tribunal stressed the importance of the AO providing the assessee with a fair opportunity to present their case and for the assessee to cooperate fully. en-us Thu, 30 Nov 2017 00:00:00 +0530 Fri, 31 May 2019 09:03:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=281008 The Tribunal dismissed the appeal for A.Y. 2009-10 as not pressed and partly allowed the appeals for A.Y. 2010-11 to 2012-13. The issue of disallowance under Section 40(a)(ia) was remanded back to the AO for verification, with directions to limit the disallowance to the extent the interest paid was not offered to tax by the recipients. The Tribunal stressed the importance of the AO providing the assessee with a fair opportunity to present their case and for the assessee to cooperate fully. Case-Laws Income Tax Thu, 30 Nov 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=281008