https://www.taxtmi.com/caselaws?id=243273 The High Court upheld the ITAT's decision to delete the addition/disallowance under Section 40(a)(ia) of the Income Tax Act, citing the retrospective effect of the relevant amendment. Consequently, the challenge to the reassessment proceedings under Section 147 was considered academic, leading to the dismissal of the Tax Appeal due to the absence of any substantial question of law warranting further review. en-us Mon, 02 Dec 2013 00:00:00 +0530 Wed, 29 Jan 2014 10:18:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=243273 The High Court upheld the ITAT's decision to delete the addition/disallowance under Section 40(a)(ia) of the Income Tax Act, citing the retrospective effect of the relevant amendment. Consequently, the challenge to the reassessment proceedings under Section 147 was considered academic, leading to the dismissal of the Tax Appeal due to the absence of any substantial question of law warranting further review. Case-Laws Income Tax Mon, 02 Dec 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=243273