https://www.taxtmi.com/caselaws?id=195468 The Appellate Tribunal ITAT Hyderabad dismissed the Revenue's appeal, affirming the Ld. CIT(A)'s decision on the second proviso to section 40(a)(ia) of the Income Tax Act. The Tribunal held that the proviso applied retrospectively from 01.04.2013 to address pending proceedings' hardships. Emphasizing the need for necessary certificates and adherence to established principles, the Tribunal ruled that failure to provide certificates would lead to disallowances. The decision underscored the significance of payees acknowledging income receipts to avoid TDS obligations, in line with Supreme Court precedents. en-us Fri, 28 Nov 2014 00:00:00 +0530 Wed, 01 Nov 2017 10:48:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=195468 The Appellate Tribunal ITAT Hyderabad dismissed the Revenue's appeal, affirming the Ld. CIT(A)'s decision on the second proviso to section 40(a)(ia) of the Income Tax Act. The Tribunal held that the proviso applied retrospectively from 01.04.2013 to address pending proceedings' hardships. Emphasizing the need for necessary certificates and adherence to established principles, the Tribunal ruled that failure to provide certificates would lead to disallowances. The decision underscored the significance of payees acknowledging income receipts to avoid TDS obligations, in line with Supreme Court precedents. Case-Laws Income Tax Fri, 28 Nov 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=195468