https://www.taxtmi.com/caselaws?id=251665 Disallowance of business expenditure for alleged failure to timely deposit tax deducted at source could not be sustained on the existing record because the Tribunal did not properly examine the assessee's legal objections, the appellate reasoning, or the effect of the curative provisos relied upon. The court noted that the statutory amendments, including the later provisos to sections 40 and 201(1), and the assessee's contention on substantial compliance required proper consideration before final adjudication. The Tribunal's order was set aside and the matter remitted for fresh consideration, leaving the substantive tax issue open. en-us Thu, 03 Jul 2014 00:00:00 +0530 Tue, 23 Sep 2014 17:04:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=251665 Disallowance of business expenditure for alleged failure to timely deposit tax deducted at source could not be sustained on the existing record because the Tribunal did not properly examine the assessee's legal objections, the appellate reasoning, or the effect of the curative provisos relied upon. The court noted that the statutory amendments, including the later provisos to sections 40 and 201(1), and the assessee's contention on substantial compliance required proper consideration before final adjudication. The Tribunal's order was set aside and the matter remitted for fresh consideration, leaving the substantive tax issue open. Case-Laws Income Tax Thu, 03 Jul 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=251665