https://www.taxtmi.com/caselaws?id=254270 The Tribunal dismissed the revenue's appeal, allowing the assessee's cross-objection. It held that the Finance Act, 2012 amendment to Section 40(a)(ia) applies retrospectively from 1.4.2005. The Tribunal confirmed that Section 40(a)(ia) only applies to amounts payable as of 31st March, not to amounts paid during the year, aligning with the Allahabad High Court's decision. en-us Fri, 13 Sep 2013 00:00:00 +0530 Tue, 03 Jan 2017 15:33:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=254270 The Tribunal dismissed the revenue's appeal, allowing the assessee's cross-objection. It held that the Finance Act, 2012 amendment to Section 40(a)(ia) applies retrospectively from 1.4.2005. The Tribunal confirmed that Section 40(a)(ia) only applies to amounts payable as of 31st March, not to amounts paid during the year, aligning with the Allahabad High Court's decision. Case-Laws Income Tax Fri, 13 Sep 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=254270