https://www.taxtmi.com/caselaws?id=411633 The Appellate Tribunal ITAT Bangalore ruled in a case involving non-deduction of tax at source on interest paid to a Non-Banking Finance Company. The Tribunal emphasized that if the tax due was ultimately paid to the exchequer, no disallowance should be made under section 40(a)(ia) of the Income Tax Act. The Tribunal condoned the delay in filing the appeal, directing a fresh consideration by the Assessing Officer based on the certificate of a Chartered Accountant. The appeal was treated as allowed for statistical purposes, emphasizing compliance with tax deduction provisions and procedural fairness in tax proceedings. en-us Tue, 24 Aug 2021 00:00:00 +0530 Tue, 31 Aug 2021 09:18:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=411633 The Appellate Tribunal ITAT Bangalore ruled in a case involving non-deduction of tax at source on interest paid to a Non-Banking Finance Company. The Tribunal emphasized that if the tax due was ultimately paid to the exchequer, no disallowance should be made under section 40(a)(ia) of the Income Tax Act. The Tribunal condoned the delay in filing the appeal, directing a fresh consideration by the Assessing Officer based on the certificate of a Chartered Accountant. The appeal was treated as allowed for statistical purposes, emphasizing compliance with tax deduction provisions and procedural fairness in tax proceedings. Case-Laws Income Tax Tue, 24 Aug 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=411633