Assessee Avoids Penalties for Late Submission of Forms 15G/15H Due to Recipients' Non-Taxable Income.

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....TDS - Late furnishing of Form 15G/15H - When assessee was well aware that recipients had no taxable income, just because the declarations in Form 15G/H were obtained late, it cannot be fastened with the consequence that arise for non-deduction of tax at source. - AT....