Interest paid to Legal Heirs of Deceased Partners cannot be Disallowed If TDS already Deducted: ITAT [Read Order]

Interest - Interest paid - Legal Heirs - Deceased Partners - TDS - ITAT - Taxscan

The Allahabad Bench of Income Tax Appellate Tribunal (ITAT) has held that the interest paid to legal heirs of deceased partners could not be disallowed if the TDS had already been deducted. The appellant Savla Agencies, has filed an appeal regarding disallowance of interest paid to the legal heirs of the deceased partners. The Assessing…

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