https://www.taxtmi.com/caselaws?id=190402 The ITAT Ahmedabad dismissed the Revenue's appeal, affirming the decision of the Ld. CIT(A) in favor of the assessee regarding the disallowance of expenses u/s.40(a)(ia) for the assessment year 2008-09. The ITAT held that the amendment to Section 40(a)(ia) is prospective in nature and applies from the year of the amendment, following the decision in the case of Virgin Creators. en-us Fri, 23 Mar 2012 00:00:00 +0530 Tue, 14 Feb 2017 17:13:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=190402 The ITAT Ahmedabad dismissed the Revenue's appeal, affirming the decision of the Ld. CIT(A) in favor of the assessee regarding the disallowance of expenses u/s.40(a)(ia) for the assessment year 2008-09. The ITAT held that the amendment to Section 40(a)(ia) is prospective in nature and applies from the year of the amendment, following the decision in the case of Virgin Creators. Case-Laws Income Tax Fri, 23 Mar 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=190402