https://www.taxtmi.com/caselaws?id=326404 The Tribunal allowed the assessee's appeal regarding the disallowance of rent paid under section 40(a)(ia) of the Income Tax Act. Despite non-deduction of TDS, it was established that the recipient had paid tax and filed for a refund, ensuring no revenue loss. The Tribunal emphasized the importance of considering such circumstances and the retrospective applicability of relevant provisions. The decision highlighted the curative nature of the amendments to the Act and concluded that the disallowance of rent was unjustified in this case. en-us Fri, 11 Mar 2016 00:00:00 +0530 Thu, 14 Apr 2016 10:02:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=326404 The Tribunal allowed the assessee's appeal regarding the disallowance of rent paid under section 40(a)(ia) of the Income Tax Act. Despite non-deduction of TDS, it was established that the recipient had paid tax and filed for a refund, ensuring no revenue loss. The Tribunal emphasized the importance of considering such circumstances and the retrospective applicability of relevant provisions. The decision highlighted the curative nature of the amendments to the Act and concluded that the disallowance of rent was unjustified in this case. Case-Laws Income Tax Fri, 11 Mar 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=326404