https://www.taxtmi.com/caselaws?id=266772 The Tribunal allowed the condonation of delay in filing appeals by the Revenue. Regarding the disallowance under Section 40(a)(ia) for non-deduction of TDS on interest payments, the Tribunal upheld the CIT(A)'s decision that the second proviso to Section 40(a)(ia) should be applied retrospectively, directing the AO to allow the expenses if the payee had offered the amounts for tax. However, the Tribunal disallowed the credit for Security Transaction Tax (STT) under Section 88E for the assessment year 2011-12. The appeal for the assessment year 2010-11 was dismissed, while for 2011-12, the credit for STT was disallowed. en-us Fri, 11 Sep 2015 00:00:00 +0530 Fri, 23 Oct 2015 21:52:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=266772 The Tribunal allowed the condonation of delay in filing appeals by the Revenue. Regarding the disallowance under Section 40(a)(ia) for non-deduction of TDS on interest payments, the Tribunal upheld the CIT(A)'s decision that the second proviso to Section 40(a)(ia) should be applied retrospectively, directing the AO to allow the expenses if the payee had offered the amounts for tax. However, the Tribunal disallowed the credit for Security Transaction Tax (STT) under Section 88E for the assessment year 2011-12. The appeal for the assessment year 2010-11 was dismissed, while for 2011-12, the credit for STT was disallowed. Case-Laws Income Tax Fri, 11 Sep 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=266772