https://www.taxtmi.com/caselaws?id=216451 The Appellate Tribunal dismissed the appeals filed by both the assessee and the Revenue regarding the addition of sundry creditors and the deletion of the addition made under Section 40(a)(ia) for the Assessment Year 2007-08. The Tribunal upheld the partial addition of sundry creditors but supported the deletion under Section 40(a)(ia) based on the retrospective effect of the amendment to the Act and the timely deposit of TDS. The decision was grounded in a comprehensive review of the facts, legal considerations, and relevant precedents, resulting in the dismissal of both appeals. en-us Mon, 25 Jun 2012 00:00:00 +0530 Wed, 29 Aug 2012 17:40:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=216451 The Appellate Tribunal dismissed the appeals filed by both the assessee and the Revenue regarding the addition of sundry creditors and the deletion of the addition made under Section 40(a)(ia) for the Assessment Year 2007-08. The Tribunal upheld the partial addition of sundry creditors but supported the deletion under Section 40(a)(ia) based on the retrospective effect of the amendment to the Act and the timely deposit of TDS. The decision was grounded in a comprehensive review of the facts, legal considerations, and relevant precedents, resulting in the dismissal of both appeals. Case-Laws Income Tax Mon, 25 Jun 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=216451