https://www.taxtmi.com/caselaws?id=325928 The court allowed the appeals filed by the Revenue, setting aside the orders passed by the ITAT and confirming the orders of the First Appellate Authority. The appeals filed by the assessee were dismissed, and the court held that the Tribunal's interpretation of Section 40(a)(ia) was incorrect. The court emphasized that non-compliance with statutory obligations has consequences, and ignorance of law is not an excuse. en-us Fri, 26 Feb 2016 00:00:00 +0530 Tue, 24 May 2016 18:21:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=325928 The court allowed the appeals filed by the Revenue, setting aside the orders passed by the ITAT and confirming the orders of the First Appellate Authority. The appeals filed by the assessee were dismissed, and the court held that the Tribunal's interpretation of Section 40(a)(ia) was incorrect. The court emphasized that non-compliance with statutory obligations has consequences, and ignorance of law is not an excuse. Case-Laws Income Tax Fri, 26 Feb 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=325928