https://www.taxtmi.com/caselaws?id=241911 The Gujarat High Court upheld the decision of the Delhi High Court, ruling in favor of the assessee in a tax dispute concerning the interpretation of Section 40(a)(ia) of the Income Tax Act. The court emphasized the importance of timely deposit of tax deducted at source and the correct interpretation of statutory amendments, affirming that the assessee's deposit before the due date specified in the Act was valid, and rejecting the Revenue's argument based on a retrospective amendment from 2010. en-us Mon, 11 Feb 2013 00:00:00 +0530 Fri, 03 Jan 2014 19:01:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=241911 The Gujarat High Court upheld the decision of the Delhi High Court, ruling in favor of the assessee in a tax dispute concerning the interpretation of Section 40(a)(ia) of the Income Tax Act. The court emphasized the importance of timely deposit of tax deducted at source and the correct interpretation of statutory amendments, affirming that the assessee's deposit before the due date specified in the Act was valid, and rejecting the Revenue's argument based on a retrospective amendment from 2010. Case-Laws Income Tax Mon, 11 Feb 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=241911