https://www.taxtmi.com/caselaws?id=437086 The Tribunal allowed the assessee's appeal regarding the disallowance of interest expenditure under section 40(a)(ia) for non-furnishing of Form 15G/15H, stating that filing the forms is procedural and does not automatically lead to disallowance. The Tribunal directed the assessee to submit the forms for verification by the AO. Additionally, the Tribunal reduced the disallowance of interest expenditure on investments made from unsecured loans, granting relief to the appellant. The Tribunal also directed the AO to verify potential double taxation issues under the head "Income from Other Sources" and consider the claim accordingly. en-us Tue, 25 Apr 2023 00:00:00 +0530 Wed, 26 Apr 2023 11:47:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=437086 The Tribunal allowed the assessee's appeal regarding the disallowance of interest expenditure under section 40(a)(ia) for non-furnishing of Form 15G/15H, stating that filing the forms is procedural and does not automatically lead to disallowance. The Tribunal directed the assessee to submit the forms for verification by the AO. Additionally, the Tribunal reduced the disallowance of interest expenditure on investments made from unsecured loans, granting relief to the appellant. The Tribunal also directed the AO to verify potential double taxation issues under the head "Income from Other Sources" and consider the claim accordingly. Case-Laws Income Tax Tue, 25 Apr 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=437086