https://www.taxtmi.com/caselaws?id=271803 The ITAT Pune upheld the CIT(A)'s decision in a case concerning the disallowance of expenses under section 40(a)(ia) of the I.T. Act, 1961. The ITAT Pune ruled that the expenses were allowable as the tax deducted at source was deposited before the due date of filing the return of income, in accordance with the retrospective amendment introduced by the Finance Act, 2010. The ITAT Pune dismissed the Revenue's appeal, emphasizing the significance of timely TDS deposit to prevent expense disallowance under section 40(a)(ia). en-us Wed, 30 Dec 2015 00:00:00 +0530 Wed, 17 Feb 2016 10:48:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=271803 The ITAT Pune upheld the CIT(A)'s decision in a case concerning the disallowance of expenses under section 40(a)(ia) of the I.T. Act, 1961. The ITAT Pune ruled that the expenses were allowable as the tax deducted at source was deposited before the due date of filing the return of income, in accordance with the retrospective amendment introduced by the Finance Act, 2010. The ITAT Pune dismissed the Revenue's appeal, emphasizing the significance of timely TDS deposit to prevent expense disallowance under section 40(a)(ia). Case-Laws Income Tax Wed, 30 Dec 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=271803