https://www.taxtmi.com/caselaws?id=329849 The Tribunal allowed the appeal for statistical purposes and remitted the matter to the Assessing Officer for verification on whether the recipient included the payments in their income computation. The decision was based on the principle that interpretations favoring the assessee should be adopted when two reasonable constructions of a taxing provision are possible. The Tribunal held that the insertion of the second proviso to Section 40(a)(ia) is declaratory and curative, with retrospective effect from April 1, 2005. en-us Fri, 24 Jun 2016 00:00:00 +0530 Fri, 08 Jul 2016 16:36:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=329849 The Tribunal allowed the appeal for statistical purposes and remitted the matter to the Assessing Officer for verification on whether the recipient included the payments in their income computation. The decision was based on the principle that interpretations favoring the assessee should be adopted when two reasonable constructions of a taxing provision are possible. The Tribunal held that the insertion of the second proviso to Section 40(a)(ia) is declaratory and curative, with retrospective effect from April 1, 2005. Case-Laws Income Tax Fri, 24 Jun 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=329849