https://www.taxtmi.com/caselaws?id=262396 The Tribunal allowed the appeal, setting aside the disallowance of depository charges under section 40(a)(ia). It emphasized that the provision does not apply retrospectively to payments already made, clarifying that taxes were already paid by the recipient. The Tribunal found the reopening of assessment under section 148 unjustified, noting that the original assessment under section 143(3) had considered relevant provisions. The judgment underscored adherence to legal provisions and relevant case law in resolving the issues raised. en-us Mon, 22 Dec 2014 00:00:00 +0530 Fri, 15 May 2015 16:20:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=262396 The Tribunal allowed the appeal, setting aside the disallowance of depository charges under section 40(a)(ia). It emphasized that the provision does not apply retrospectively to payments already made, clarifying that taxes were already paid by the recipient. The Tribunal found the reopening of assessment under section 148 unjustified, noting that the original assessment under section 143(3) had considered relevant provisions. The judgment underscored adherence to legal provisions and relevant case law in resolving the issues raised. Case-Laws Income Tax Mon, 22 Dec 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=262396