https://www.taxtmi.com/caselaws?id=339885 The High Court upheld the ITAT's decision to delete additions made by the AO under Section 40[a](ia) of the IT Act for AY 2007-2008. The Court found that the amendment to Section 40[a](ia) had retrospective effect from 1st April 2010, as confirmed by a Division Bench decision and the Supreme Court. As the appellant did not challenge this during proceedings, the Court concluded that no error occurred in applying the amended provisions retrospectively. Consequently, the Tax Appeal was dismissed, with the Court determining that no substantial question of law arose in the case. en-us Tue, 21 Feb 2017 00:00:00 +0530 Wed, 08 Mar 2017 11:37:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=339885 The High Court upheld the ITAT's decision to delete additions made by the AO under Section 40[a](ia) of the IT Act for AY 2007-2008. The Court found that the amendment to Section 40[a](ia) had retrospective effect from 1st April 2010, as confirmed by a Division Bench decision and the Supreme Court. As the appellant did not challenge this during proceedings, the Court concluded that no error occurred in applying the amended provisions retrospectively. Consequently, the Tax Appeal was dismissed, with the Court determining that no substantial question of law arose in the case. Case-Laws Income Tax Tue, 21 Feb 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=339885