https://www.taxtmi.com/caselaws?id=325572 The court ruled in favor of the assessee, holding that the amendment to section 40(a)(ia) of the Act by the Finance Act, 2010, should be applied retrospectively from 01.04.2005, rather than from 01.04.2010 as specified. The judgment emphasized the curative nature of the amendment to rectify anomalies and hardships faced by taxpayers, aligning TDS payment time limits with return filing due dates to allow deductions on expenditures. The court highlighted legislative intent to provide relief and enhance compliance with TDS provisions, dismissing the appeal based on established legal principles and precedents. en-us Mon, 29 Feb 2016 00:00:00 +0530 Fri, 18 Nov 2016 14:13:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=325572 The court ruled in favor of the assessee, holding that the amendment to section 40(a)(ia) of the Act by the Finance Act, 2010, should be applied retrospectively from 01.04.2005, rather than from 01.04.2010 as specified. The judgment emphasized the curative nature of the amendment to rectify anomalies and hardships faced by taxpayers, aligning TDS payment time limits with return filing due dates to allow deductions on expenditures. The court highlighted legislative intent to provide relief and enhance compliance with TDS provisions, dismissing the appeal based on established legal principles and precedents. Case-Laws Income Tax Mon, 29 Feb 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=325572