INCOME TAX : Where Assessing Officer held assessee rural bank to be in default under section 201 for non-deduction of tax on interest paid by assessee to depositors on ground that assessee had not submitted Form 15G and Form 15H with complete relevant details of depositors, since assessee had already collected more than 75 per cent of Forms and also percentage of Forms not submitted compared to total interest disbursal was just 2.26 per cent, said order of Assessing Officer was to be set asideINCOME TAX : Where Assessing Officer held assessee rural bank to be in default under section 201 for non-deduction of tax on interest paid by assessee to depositors on ground that assessee had not submitted Form 15G and Form 15H with complete relevant details of depositors, since assessee had already collected more than 75 per cent of Forms and also percentage of Forms not submitted compared to total interest disbursal was just 2.26 per cent, said order of Assessing Officer was to be set asidewww.taxmann.com Latest Case LawsRead More
