https://www.taxtmi.com/caselaws?id=771879 ITAT Bangalore remanded the case to AO for fresh examination regarding disallowance under section 40(a)(ia) for interest payments without TDS deduction and missing Forms 15G/15H. The tribunal found lack of clarity in treatment of interest components, particularly opening balances from prior periods which may not attract disallowance as provisions apply only to amounts payable or paid during assessment year. The tribunal directed AO to provide assessee reasonable opportunity to submit reconciliations, TDS challans, Forms 15G/15H, and explanations regarding opening balances and actual liability crystallized during the year. Appeal allowed for statistical purposes. en-us Thu, 29 May 2025 00:00:00 +0530 Sat, 31 May 2025 08:47:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=771879 ITAT Bangalore remanded the case to AO for fresh examination regarding disallowance under section 40(a)(ia) for interest payments without TDS deduction and missing Forms 15G/15H. The tribunal found lack of clarity in treatment of interest components, particularly opening balances from prior periods which may not attract disallowance as provisions apply only to amounts payable or paid during assessment year. The tribunal directed AO to provide assessee reasonable opportunity to submit reconciliations, TDS challans, Forms 15G/15H, and explanations regarding opening balances and actual liability crystallized during the year. Appeal allowed for statistical purposes. Case-Laws Income Tax Thu, 29 May 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=771879