https://www.taxtmi.com/caselaws?id=259309 The ITAT Ahmedabad upheld the CIT(A)'s decision regarding the retrospective applicability of section 40(a)(ia) of the Income Tax Act, 1961. The appeal filed by Revenue challenging the deletion of an addition was dismissed. The Tribunal emphasized the importance of timely TDS deposit and confirmed that the provision was retrospectively applicable, citing legal precedents. The ITAT found no merit in Revenue's grounds and affirmed the non-disallowance of the amount in question. en-us Fri, 13 Mar 2015 00:00:00 +0530 Thu, 07 May 2015 08:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=259309 The ITAT Ahmedabad upheld the CIT(A)'s decision regarding the retrospective applicability of section 40(a)(ia) of the Income Tax Act, 1961. The appeal filed by Revenue challenging the deletion of an addition was dismissed. The Tribunal emphasized the importance of timely TDS deposit and confirmed that the provision was retrospectively applicable, citing legal precedents. The ITAT found no merit in Revenue's grounds and affirmed the non-disallowance of the amount in question. Case-Laws Income Tax Fri, 13 Mar 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=259309