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2011 (9) TMI 927 - AT - Income TaxNon-deduction of tax - Held that:- The accept the assessee’s claim that since he had the declarations of the payees in the prescribed form before him at the time when the interest was paid, he was not liable to deduct tax therefrom under section 194A. If he was not liable to deduct tax, section 40(a)(ia) is not attracted. There is no other ground taken by the income tax authorities to disallow the interest. We therefore accept the assessee’s appeal.
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