{"id":12800,"date":"2020-10-09T12:53:42","date_gmt":"2020-10-09T12:53:42","guid":{"rendered":"https:\/\/itatonline.org\/digest\/jcit-v-karnataka-vikas-grameena-bank-2020-181-itd-672-79-itr-207-bang-trib-2\/"},"modified":"2020-10-09T12:53:42","modified_gmt":"2020-10-09T12:53:42","slug":"jcit-v-karnataka-vikas-grameena-bank-2020-181-itd-672-79-itr-207-bang-trib-2","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/jcit-v-karnataka-vikas-grameena-bank-2020-181-itd-672-79-itr-207-bang-trib-2\/","title":{"rendered":"JCIT v. Karnataka Vikas Grameena Bank. (2020) 181 ITD 672 \/ 79 ITR 207 (Bang) (Trib.)"},"content":{"rendered":"<p>During relevant years, assessee paid interest to depositors in excess of Rs. 10 thousand but no tax at source was deducted because depositors had furnished Form No. 15G\/15H .AO held that apart from obtaining declaration in Form No. 15G\/15H, assessee should have furnished those forms to Commissioner within prescribed period , since assessee failed to do so, AO\u00a0 disallowed the interest u\/s 40(a)(ia) of Act. CIT (A) deleted the addition . \u00a0Tribunal held that requirement of filing of Form 15G or 15H with prescribed authority viz., Commissioner, is only procedural and that cannot result in disallowance under S.40(a)(ia) of the Act . \u00a0Followed\u00a0 CIT v. Sri Marikamba Transport Co ( 2015) 379 ITR 129 (Karn.)(HC) (AY. 2012 -13, 2013 -14)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 40(a)(ia): Amounts not deductible &#8211; Deduction at source &#8211;  Interest other than interest on securities -Form 15G\/15H-  Procedural defects \u2013 Disallowance is held to be not justified .[ S.194A, Form No 15G\/15H  ]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[],"class_list":["post-12800","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-3ks","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/12800","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/comments?post=12800"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/12800\/revisions"}],"predecessor-version":[{"id":12801,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/12800\/revisions\/12801"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=12800"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=12800"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=12800"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}