https://www.taxtmi.com/caselaws?id=169189 The Tribunal dismissed the Revenue's appeal on disallowance under section 40(a)(ia) due to retrospective application of the Finance Act, 2010. The Tribunal upheld the deletion of disallowance by the CIT(A), emphasizing the retrospective nature of the amendment. Regarding the disallowance of sales tax liability deduction, the Tribunal partially allowed the assessee's appeal, directing the Assessing Officer to reevaluate after verifying payment evidence. The importance of providing evidence for tax liabilities was highlighted, and the Tribunal stressed the need for proper documentation to support deductions. en-us Fri, 12 Sep 2014 00:00:00 +0530 Mon, 06 Apr 2015 22:16:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=169189 The Tribunal dismissed the Revenue's appeal on disallowance under section 40(a)(ia) due to retrospective application of the Finance Act, 2010. The Tribunal upheld the deletion of disallowance by the CIT(A), emphasizing the retrospective nature of the amendment. Regarding the disallowance of sales tax liability deduction, the Tribunal partially allowed the assessee's appeal, directing the Assessing Officer to reevaluate after verifying payment evidence. The importance of providing evidence for tax liabilities was highlighted, and the Tribunal stressed the need for proper documentation to support deductions. Case-Laws Income Tax Fri, 12 Sep 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=169189