https://www.taxtmi.com/caselaws?id=186510 The Tribunal ruled in favor of the assessee, partially allowing the appeal. The disallowance on account of delayed TDS payment under section 40(a)(ia) of the Income Tax Act was overturned, citing the retrospective application of the amendment by the Finance Act, 2010. Additionally, the restriction on car expenses and telephone charges at 10% was upheld due to personal use, but the disallowance on car depreciation was deleted as it was not solely for personal use. The High Court confirmed the Tribunal's decision, ultimately resulting in a partial victory for the assessee. en-us Fri, 27 Jan 2012 00:00:00 +0530 Wed, 21 Sep 2016 11:12:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=186510 The Tribunal ruled in favor of the assessee, partially allowing the appeal. The disallowance on account of delayed TDS payment under section 40(a)(ia) of the Income Tax Act was overturned, citing the retrospective application of the amendment by the Finance Act, 2010. Additionally, the restriction on car expenses and telephone charges at 10% was upheld due to personal use, but the disallowance on car depreciation was deleted as it was not solely for personal use. The High Court confirmed the Tribunal's decision, ultimately resulting in a partial victory for the assessee. Case-Laws Income Tax Fri, 27 Jan 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=186510