https://www.taxtmi.com/caselaws?id=471097 Interest expenditure covered by a valid Form 26A could not be disallowed under section 40(a)(ia) where the payee certified payment of tax on that interest income. The certification established tax payment on a substantial part of the interest, and a difference between the certified amount and the total interest debited did not justify rejecting the certificate absent any finding that it was false or incorrect. Accordingly, the disallowance was deleted to the extent supported by Form 26A. en-us Wed, 02 Apr 2025 00:00:00 +0530 Thu, 20 Aug 2026 19:01:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=471097 Interest expenditure covered by a valid Form 26A could not be disallowed under section 40(a)(ia) where the payee certified payment of tax on that interest income. The certification established tax payment on a substantial part of the interest, and a difference between the certified amount and the total interest debited did not justify rejecting the certificate absent any finding that it was false or incorrect. Accordingly, the disallowance was deleted to the extent supported by Form 26A. Case-Laws Income Tax Wed, 02 Apr 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=471097