https://www.taxtmi.com/caselaws?id=261849 The High Court upheld the disallowance under Section 40(a)(ia) due to the appellants' failure to deduct tax at the source. The Court rejected arguments for retrospective application of the second proviso and the applicability of the Hindustan Coca Cola principle and Vector Shipping Services judgment. The Tribunal's order was affirmed as legally valid and sustainable, leading to the dismissal of the appeals. en-us Fri, 03 Jul 2015 00:00:00 +0530 Fri, 24 Jul 2015 10:14:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=261849 The High Court upheld the disallowance under Section 40(a)(ia) due to the appellants' failure to deduct tax at the source. The Court rejected arguments for retrospective application of the second proviso and the applicability of the Hindustan Coca Cola principle and Vector Shipping Services judgment. The Tribunal's order was affirmed as legally valid and sustainable, leading to the dismissal of the appeals. Case-Laws Income Tax Fri, 03 Jul 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=261849