https://www.taxtmi.com/caselaws?id=769536 The ITAT Kolkata allowed the assessee's appeal on two grounds. First, regarding addition under section 40(a)(ia) for interest paid without TDS deduction, the tribunal held no disallowance was warranted since the payee had offered the interest income to tax in their return, following the SC precedent in Hindustan Coca Cola Beverages case. Additionally, Form 26A was not applicable during the assessment year as it was introduced later in 2012. Second, concerning section 80IA deduction claim not made in the original return, the tribunal ruled that such claims can be raised before appellate authority for the first time, directing the AO to allow the deduction. en-us Thu, 24 Apr 2025 00:00:00 +0530 Sat, 26 Apr 2025 08:30:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=769536 The ITAT Kolkata allowed the assessee's appeal on two grounds. First, regarding addition under section 40(a)(ia) for interest paid without TDS deduction, the tribunal held no disallowance was warranted since the payee had offered the interest income to tax in their return, following the SC precedent in Hindustan Coca Cola Beverages case. Additionally, Form 26A was not applicable during the assessment year as it was introduced later in 2012. Second, concerning section 80IA deduction claim not made in the original return, the tribunal ruled that such claims can be raised before appellate authority for the first time, directing the AO to allow the deduction. Case-Laws Income Tax Thu, 24 Apr 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=769536