https://www.taxtmi.com/caselaws?id=256573 The Tribunal dismissed the Assessee's appeal as withdrawn since the Assessee withdrew it with no objection from the Revenue. Regarding the disallowance of deduction under Section 40(a)(ia), the Tribunal upheld the CIT(A)'s decision to delete the disallowance, citing the retrospective nature of the amendment by the Finance Act, 2010. Relying on judicial precedents, the Tribunal concluded that the deduction was allowable if the tax was paid before the due date of filing the return. As a result, both appeals by the Revenue and the Assessee were dismissed. en-us Thu, 14 Aug 2014 00:00:00 +0530 Wed, 04 Feb 2015 14:39:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=256573 The Tribunal dismissed the Assessee's appeal as withdrawn since the Assessee withdrew it with no objection from the Revenue. Regarding the disallowance of deduction under Section 40(a)(ia), the Tribunal upheld the CIT(A)'s decision to delete the disallowance, citing the retrospective nature of the amendment by the Finance Act, 2010. Relying on judicial precedents, the Tribunal concluded that the deduction was allowable if the tax was paid before the due date of filing the return. As a result, both appeals by the Revenue and the Assessee were dismissed. Case-Laws Income Tax Thu, 14 Aug 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=256573