https://www.taxtmi.com/caselaws?id=271448 The ITAT allowed the assessee's appeal, remanding the matter to the AO for fresh consideration. The judgment emphasized the retrospective application of the amendment to Section 40(a)(ia) by the Finance Act, 2012, to avoid unjust enrichment and ensure fair tax treatment. The AO was directed to verify tax payments by recipients and provide the assessee with an opportunity to present evidence. en-us Wed, 09 Dec 2015 00:00:00 +0530 Fri, 05 Feb 2016 06:15:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=271448 The ITAT allowed the assessee's appeal, remanding the matter to the AO for fresh consideration. The judgment emphasized the retrospective application of the amendment to Section 40(a)(ia) by the Finance Act, 2012, to avoid unjust enrichment and ensure fair tax treatment. The AO was directed to verify tax payments by recipients and provide the assessee with an opportunity to present evidence. Case-Laws Income Tax Wed, 09 Dec 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=271448