https://www.taxtmi.com/caselaws?id=299610 The Tribunal allowed the appeals for both assessment years 2010-11 and 2011-12, holding that the assessee had substantially complied with the provisions of Section 197A and that procedural lapses in the submission of Form 15G/15H did not justify disallowance under Section 40(a)(ia). The decision emphasized substantive compliance over procedural lapses, especially considering the assessee's operational context in rural areas. It highlighted that disallowances under tax provisions should be based on substantive non-compliance rather than procedural shortcomings. en-us Fri, 06 May 2016 00:00:00 +0530 Wed, 22 Dec 2021 20:35:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=299610 The Tribunal allowed the appeals for both assessment years 2010-11 and 2011-12, holding that the assessee had substantially complied with the provisions of Section 197A and that procedural lapses in the submission of Form 15G/15H did not justify disallowance under Section 40(a)(ia). The decision emphasized substantive compliance over procedural lapses, especially considering the assessee's operational context in rural areas. It highlighted that disallowances under tax provisions should be based on substantive non-compliance rather than procedural shortcomings. Case-Laws Income Tax Fri, 06 May 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=299610