In the result, the ground No
Bench: Dr. M. L. Meena & Sh. Anikesh Banerjee
206(ASR)/2011 is dismissed". Since the Hon'ble ITAT, Amritsar Bench, has already held that the Bank was not required to deduct any tax at source on its interest payments to Jammu Development Authority, the AO was not justified in applying the provisions of section 40(a)(ia) on these payments. Similar type of disallowance has been deleted