https://www.taxtmi.com/caselaws?id=776724 ITAT, Delhi set aside the lower authorities' orders and partly allowed the appeal, holding that disallowance under s.40(a)(ia) cannot be sustained if the assessee is not an assessee in default under s.201 and submits a certificate showing the recipient company has paid tax on the interest. The matter is remanded to the AO to verify the certificate and relevant facts and decide the issue in accordance with law. en-us Wed, 13 Aug 2025 00:00:00 +0530 Mon, 18 Aug 2025 08:39:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=776724 ITAT, Delhi set aside the lower authorities' orders and partly allowed the appeal, holding that disallowance under s.40(a)(ia) cannot be sustained if the assessee is not an assessee in default under s.201 and submits a certificate showing the recipient company has paid tax on the interest. The matter is remanded to the AO to verify the certificate and relevant facts and decide the issue in accordance with law. Case-Laws Income Tax Wed, 13 Aug 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=776724