https://www.taxtmi.com/caselaws?id=243048 The ITAT upheld the CIT(A)'s decision to delete the addition under section 40a(ia) of the Income Tax Act for Assessment Year 2005-06. The ITAT emphasized the importance of timely TDS deposit and ruled that no addition should be made if the TDS payment was made before the due date of filing the return of income. The retrospective effect of the legislative amendment shielded the assessee from additional disallowance. The Department's appeal was dismissed, affirming the deletion of the addition. en-us Mon, 01 Oct 2012 00:00:00 +0530 Sat, 25 Jan 2014 18:43:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=243048 The ITAT upheld the CIT(A)'s decision to delete the addition under section 40a(ia) of the Income Tax Act for Assessment Year 2005-06. The ITAT emphasized the importance of timely TDS deposit and ruled that no addition should be made if the TDS payment was made before the due date of filing the return of income. The retrospective effect of the legislative amendment shielded the assessee from additional disallowance. The Department's appeal was dismissed, affirming the deletion of the addition. Case-Laws Income Tax Mon, 01 Oct 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=243048