Assessing Officer Must Accept Form 15G/15H for Non-Deduction of TDS if Submitted Timely, Per Law Requirements.

Non-deduction of TDS - When the assessee has submitted necessary declaration in Form Nos.15G/15H for non-deduction of TDS and also for reversal of TDS deduction on interest payment, then, in our considered view, the AO ought to have accepted the claim of the assessee, because, as per law, if relevant declaration in Form Nos.15G/15H is submitted before the end of the relevant financial year, then, the question of deduction of TDS on interest payments does not arise. - AO to verify the claim of assessee - AT .....

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