https://www.taxtmi.com/caselaws?id=355173 The Tribunal ruled in favor of the assessee, allowing the appeal against the disallowance of expenditure under section 40(a)(ia) of the Income Tax Act, 1961. It held that the second proviso to section 40(a)(ia) applied retrospectively, and if the recipients had considered the amounts for tax computation, no disallowance was warranted. Additionally, the Tribunal admitted additional evidence submitted by the assessee for verification by the Assessing Officer, ensuring a fair assessment of the situation. en-us Mon, 05 Feb 2018 00:00:00 +0530 Sat, 10 Feb 2018 11:17:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=355173 The Tribunal ruled in favor of the assessee, allowing the appeal against the disallowance of expenditure under section 40(a)(ia) of the Income Tax Act, 1961. It held that the second proviso to section 40(a)(ia) applied retrospectively, and if the recipients had considered the amounts for tax computation, no disallowance was warranted. Additionally, the Tribunal admitted additional evidence submitted by the assessee for verification by the Assessing Officer, ensuring a fair assessment of the situation. Case-Laws Income Tax Mon, 05 Feb 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=355173