Section 40(a)(ia) Disallowance Inapplicable When Taxpayer Deducts Tax at a Lower Rate Than Prescribed by the Income Tax Act.

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....Disallowance u/s 40(a)(ia) - TDS were deducted at lesser rate on the interest - disallowance cannot be made where the assessee has deducted tax at a rate which is lesser than what is provided under the Act. - AT....