https://www.taxtmi.com/caselaws?id=186165 The Tribunal reversed the CIT(A)'s decision to delete disallowances of petty contract charges and hire charges under section 40(a)(ia) of the Income-tax Act for the assessment year 2008-09. It held that section 40(a)(ia) applies even if no amount is payable at year-end. The Tribunal directed a fresh examination by the Assessing Officer regarding the retrospective application of an amendment to section 40(a)(ia) and emphasized the need for proof in transactions. The matter was restored to the Assessing Officer for further adjudication in line with previous decisions, with the Revenue's appeal allowed for statistical purposes. en-us Fri, 10 Apr 2015 00:00:00 +0530 Thu, 08 Sep 2016 19:04:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=186165 The Tribunal reversed the CIT(A)'s decision to delete disallowances of petty contract charges and hire charges under section 40(a)(ia) of the Income-tax Act for the assessment year 2008-09. It held that section 40(a)(ia) applies even if no amount is payable at year-end. The Tribunal directed a fresh examination by the Assessing Officer regarding the retrospective application of an amendment to section 40(a)(ia) and emphasized the need for proof in transactions. The matter was restored to the Assessing Officer for further adjudication in line with previous decisions, with the Revenue's appeal allowed for statistical purposes. Case-Laws Income Tax Fri, 10 Apr 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=186165