https://www.taxtmi.com/caselaws?id=259169 The appeal of the Revenue against the Commissioner of Income-Tax's order regarding the deletion of expenses disallowance under section 40(a)(ia) of the Act was dismissed. The Tribunal upheld the Commissioner's decision, emphasizing that the timely deposit of TDS before the due date of filing the return allowed for the deduction of expenses. The Tribunal referred to relevant case law and held that the amendment to section 40(a)(ia) was retrospective, supporting the assessee's position. Consequently, the Revenue's appeal was rejected, affirming the Commissioner's order. en-us Fri, 10 Apr 2015 00:00:00 +0530 Tue, 28 Apr 2015 14:55:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=259169 The appeal of the Revenue against the Commissioner of Income-Tax's order regarding the deletion of expenses disallowance under section 40(a)(ia) of the Act was dismissed. The Tribunal upheld the Commissioner's decision, emphasizing that the timely deposit of TDS before the due date of filing the return allowed for the deduction of expenses. The Tribunal referred to relevant case law and held that the amendment to section 40(a)(ia) was retrospective, supporting the assessee's position. Consequently, the Revenue's appeal was rejected, affirming the Commissioner's order. Case-Laws Income Tax Fri, 10 Apr 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=259169