Non-deduction of TDS/ reversal of TDS on interest payment based on Form 15G/15H justified

Tamilnadu Mercantile Bank Ltd. Vs The ITO (ITAT Chennai)

ITAT Chennai held that non-deduction of TDS and reversal of TDS deduction on interest payment on the basis of declaration in Form No. 15G/ 15H is justifiable.

Facts- During the course of inspection, it was noticed that in respect of 22 payees, interest payment was more than Rs.2 lakhs, on which, the deductor bank h

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