https://www.taxtmi.com/caselaws?id=343376 The court allowed the writ petition, quashing the orders disallowing transportation charges as deductions. Relying on precedents and Supreme Court decisions, the court held that the amendment to Section 40(a)(ia) should be applied retrospectively, allowing the petitioner to deduct the transportation charges. Consequently, the transportation charges were deemed allowable as a deduction for computing taxable income, leading to a favorable outcome for the cooperative society. en-us Fri, 12 May 2017 00:00:00 +0530 Wed, 24 May 2017 07:04:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=343376 The court allowed the writ petition, quashing the orders disallowing transportation charges as deductions. Relying on precedents and Supreme Court decisions, the court held that the amendment to Section 40(a)(ia) should be applied retrospectively, allowing the petitioner to deduct the transportation charges. Consequently, the transportation charges were deemed allowable as a deduction for computing taxable income, leading to a favorable outcome for the cooperative society. Case-Laws Income Tax Fri, 12 May 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=343376