https://www.taxtmi.com/caselaws?id=343046 The Gujarat High Court dismissed the Tax Appeal, affirming the retrospective applicability of the amendment to Section 40 [a] (ia) of the Income Tax Act. The Court relied on a previous decision by the Division Bench and the Supreme Court, which had settled the issue in favor of retrospective application. Consequently, the High Court found no substantial question of law in the appeal and upheld the Tribunal's decision to delete the disallowance under Section 40 [a] (ia) of the Act. en-us Tue, 02 May 2017 00:00:00 +0530 Wed, 17 May 2017 14:42:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=343046 The Gujarat High Court dismissed the Tax Appeal, affirming the retrospective applicability of the amendment to Section 40 [a] (ia) of the Income Tax Act. The Court relied on a previous decision by the Division Bench and the Supreme Court, which had settled the issue in favor of retrospective application. Consequently, the High Court found no substantial question of law in the appeal and upheld the Tribunal's decision to delete the disallowance under Section 40 [a] (ia) of the Act. Case-Laws Income Tax Tue, 02 May 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=343046