https://www.taxtmi.com/caselaws?id=247225 The High Court dismissed the appeal concerning the interpretation of Section 40(a)(ia) of the Income Tax Act. The court held that the deduction is allowed if the tax deducted was deposited by the last day for filing the return under Section 139(1) for the relevant assessment year. The court emphasized the importance of timely TDS deposits and considered the amendment introduced by the Finance Act, 2010 as curative. Relying on precedent and finding no substantial legal question, the court upheld the ITAT's decision in favor of the assessee, providing clarity on the application of the law in such cases. en-us Tue, 22 Apr 2014 00:00:00 +0530 Tue, 06 May 2014 08:52:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=247225 The High Court dismissed the appeal concerning the interpretation of Section 40(a)(ia) of the Income Tax Act. The court held that the deduction is allowed if the tax deducted was deposited by the last day for filing the return under Section 139(1) for the relevant assessment year. The court emphasized the importance of timely TDS deposits and considered the amendment introduced by the Finance Act, 2010 as curative. Relying on precedent and finding no substantial legal question, the court upheld the ITAT's decision in favor of the assessee, providing clarity on the application of the law in such cases. Case-Laws Income Tax Tue, 22 Apr 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=247225