https://www.taxtmi.com/caselaws?id=266138 The Hon'ble High Court remanded the matter for fresh consideration of the disallowance under section 40(a)(ia) of the Income Tax Act, holding that a Special Bench decision did not correctly interpret the law. The Tribunal acknowledged the disallowance by the Assessing Officer for failure to deduct TDS under sections 194C and 194J, but noted the reduction by the CIT(A). Emphasizing the retrospective application of the second proviso inserted by the Finance Act, 2012, the Tribunal set aside previous orders for reassessment. The appeal was allowed for statistical purposes, directing a reevaluation by the Assessing Officer with proper opportunity for the assessee to present their case. en-us Fri, 10 Apr 2015 00:00:00 +0530 Sat, 17 Oct 2015 23:27:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=266138 The Hon'ble High Court remanded the matter for fresh consideration of the disallowance under section 40(a)(ia) of the Income Tax Act, holding that a Special Bench decision did not correctly interpret the law. The Tribunal acknowledged the disallowance by the Assessing Officer for failure to deduct TDS under sections 194C and 194J, but noted the reduction by the CIT(A). Emphasizing the retrospective application of the second proviso inserted by the Finance Act, 2012, the Tribunal set aside previous orders for reassessment. The appeal was allowed for statistical purposes, directing a reevaluation by the Assessing Officer with proper opportunity for the assessee to present their case. Case-Laws Income Tax Fri, 10 Apr 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=266138