https://www.taxtmi.com/caselaws?id=337092 The Tribunal allowed the appellant's contentions on the bona fide belief and retrospective application of amendments, directing the AO to verify the discharge of tax liability by recipients and apply the amended provisions retrospectively. The Tribunal restricted disallowance to amounts payable at year-end and allowed deductions for liabilities borne under Section 201(1) if the appellant's appeal was successful. The appeal was allowed for statistical purposes with specific directions to the AO. en-us Mon, 24 Oct 2016 00:00:00 +0530 Tue, 03 Jan 2017 12:15:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=337092 The Tribunal allowed the appellant's contentions on the bona fide belief and retrospective application of amendments, directing the AO to verify the discharge of tax liability by recipients and apply the amended provisions retrospectively. The Tribunal restricted disallowance to amounts payable at year-end and allowed deductions for liabilities borne under Section 201(1) if the appellant's appeal was successful. The appeal was allowed for statistical purposes with specific directions to the AO. Case-Laws Income Tax Mon, 24 Oct 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=337092