Disallowance of Interest Payments for Non-Deduction of TDS u/s 40(a)(ia): ITAT Remands Matter to AO for Verification of Form 26A

ITAT (Income Tax Appellate Tribunal) remanded a matter to the Assessing Officer (AO) for the verification of Form 26AS regarding the disallowance of interest payments under Section 40(a)(ia) of the Income Tax Act for non-deduction of TDS (Tax Deducted at Source). Section 40(a)(ia) disallows certain expenses if TDS is not deducted. The remand directs the AO to verify if the corresponding income was indeed reflected in Form 26AS, which would provide clarity on the TDS compliance.