https://www.taxtmi.com/caselaws?id=191973 The Tribunal held that the second proviso to section 40(a)(ia) of the Income Tax Act is retrospective, following the Delhi High Court's decision. It directed verification of whether the recipient paid tax on rental income, stating that if verified, no disallowance under section 40(a)(ia) is warranted. The case was partly allowed, remitting it to the Assessing Officer for fresh adjudication based on these findings. en-us Fri, 28 Oct 2016 00:00:00 +0530 Sat, 06 May 2017 07:27:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=191973 The Tribunal held that the second proviso to section 40(a)(ia) of the Income Tax Act is retrospective, following the Delhi High Court's decision. It directed verification of whether the recipient paid tax on rental income, stating that if verified, no disallowance under section 40(a)(ia) is warranted. The case was partly allowed, remitting it to the Assessing Officer for fresh adjudication based on these findings. Case-Laws Income Tax Fri, 28 Oct 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=191973