No Section 40(a)(ia) disallowance for delayed Form 15G & 15H submission

Pramod Narayanrao Ghalani Vs ITO (ITAT Nagpur)

In the case of Pramod Narayanrao Ghalani Vs ITO, the Income Tax Appellate Tribunal (ITAT) Nagpur dealt with an appeal challenging the order issued by the Commissioner of Income Tax (Appeals) on May 8, 2019, concerning the assessment year 2009-10. The appellant, Pramod Ghalani, a proprietor of M/s. Chintamani Construction, faced disallowance of interest payments amounting to ₹2,81,733 due to non-compliance with tax deduction at source regulations, specifically under section 40(a)(ia) of the Income Tax Act. During the

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