Conflicting views of non-jurisdiction High Courts- Follow one in favour of Assessee

During the course of the assessment proceedings, the Assessing Officer disallowed a sum of Rs 6,48,456, being payment made to NBFCs on account of interest charges without deduction of tax at source, under section 40(a)(ia). Aggrieved, assessee carried the matter in appal, and relied upon, inter alia, Hon’ble Delhi

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