https://www.taxtmi.com/caselaws?id=326148 The court dismissed the appeal regarding the disallowance of a contract payment under section 40(a)(ia) of the Income Tax Act, 1961. The Income Tax Appellate Tribunal's decision to delete the disallowance was upheld, emphasizing the retrospective effect of the amendment to the Act by the Finance Act, 2010. The court found no substantial question of law to interfere with the Tribunal's order, citing precedents that favored the assessee. en-us Tue, 29 Mar 2016 00:00:00 +0530 Wed, 06 Apr 2016 14:18:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=326148 The court dismissed the appeal regarding the disallowance of a contract payment under section 40(a)(ia) of the Income Tax Act, 1961. The Income Tax Appellate Tribunal's decision to delete the disallowance was upheld, emphasizing the retrospective effect of the amendment to the Act by the Finance Act, 2010. The court found no substantial question of law to interfere with the Tribunal's order, citing precedents that favored the assessee. Case-Laws Income Tax Tue, 29 Mar 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=326148