https://www.taxtmi.com/caselaws?id=252726 The Tribunal upheld the decision of the ld. CIT(A) to delete the addition under Section 40(a)(ia) of the Income Tax Act, 1961, emphasizing the retrospective application of the clarificatory amendment introduced by the Finance Act, 2010. The Tribunal dismissed the Department's appeal, citing previous decisions and holding that if TDS payment was made before the due date of filing the return of income, the addition under Section 40(a)(ia) could not be sustained. The amendment was deemed remedial and clarificatory, aiming to eliminate unintended consequences and hardships to taxpayers. en-us Wed, 05 Jun 2013 00:00:00 +0530 Sat, 01 Nov 2014 13:42:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=252726 The Tribunal upheld the decision of the ld. CIT(A) to delete the addition under Section 40(a)(ia) of the Income Tax Act, 1961, emphasizing the retrospective application of the clarificatory amendment introduced by the Finance Act, 2010. The Tribunal dismissed the Department's appeal, citing previous decisions and holding that if TDS payment was made before the due date of filing the return of income, the addition under Section 40(a)(ia) could not be sustained. The amendment was deemed remedial and clarificatory, aiming to eliminate unintended consequences and hardships to taxpayers. Case-Laws Income Tax Wed, 05 Jun 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=252726