In the result, ground number 2 of the assessee’s appeal is being set aside to the file of Assessing Officer with the aforesaid directions
Bench: Smt. Annapurna Gupta & Shri Siddhartha Nautiyal
Section 40(a)(ia) read together. Further, on perusal of the copies of Income-tax returns of the respective parties filed by the appellant, it is noticed that neither of these parties have claimed TDS on interest paid to them. In view of the above detailed discussion, no Infirmity is found in the action of the AO of making addition