Section 197A(1A) merely requires a declaration to be filed by the payee of the interest, and once it is filed the payer not liable to deduct TDS therefrom under s 194A and no disallowance can be made under s 40(a)(ia)

Vipin P. Mehta v ITO

ITAT, Mumbai

ITA No. 3317 (Mum.) of 2010

Assessment Year: 2006-07

Decided on: 20 May 2011

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