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Income Tax - Highlights / Catch Notes

Home Highlights August 2019 Year 2019 This

Disallowance u/s 40(a)(ia) - interest payment made to trust, who ...


Interest Payments to Trust Not Disallowed u/s 40(a)(ia) Due to Trust's Income Filing.

August 26, 2019

Case Laws     Income Tax     AT

Disallowance u/s 40(a)(ia) - interest payment made to trust, who claimed exemption u/s 10(23C)(vi) - once the recipient had filed the returns of income by including the interest received from the assessee, it satisfied the requirement of not to treat the assessee in default for the purpose of section 201(1) therefore, there is no case for making the addition

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