https://www.taxtmi.com/caselaws?id=257630 The Tribunal held that the amendment to Section 40(a)(ia) by the Finance Act, 2010, operates retrospectively from April 1, 2005. Consequently, if tax deducted at source (TDS) is paid by the due date for filing the return of income under Section 139(1), no disallowance under Section 40(a)(ia) should occur. The Tribunal upheld the CIT(A)'s decision, dismissing the Revenue's appeal and allowing the assessee's claim for commission and interest expenses. en-us Fri, 13 Feb 2015 00:00:00 +0530 Fri, 27 Feb 2015 14:16:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=257630 The Tribunal held that the amendment to Section 40(a)(ia) by the Finance Act, 2010, operates retrospectively from April 1, 2005. Consequently, if tax deducted at source (TDS) is paid by the due date for filing the return of income under Section 139(1), no disallowance under Section 40(a)(ia) should occur. The Tribunal upheld the CIT(A)'s decision, dismissing the Revenue's appeal and allowing the assessee's claim for commission and interest expenses. Case-Laws Income Tax Fri, 13 Feb 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=257630