https://www.taxtmi.com/caselaws?id=357319 The Court upheld the Tribunal's decision, ruling against the assessee in all aspects. The appellant's arguments regarding quantum addition under Section 40(a)(ia), recovery of Tax Deduction at Source (TDS) under Section 201(1), retrospective application of the second proviso introduced by Finance Act, 2012, exemption for a charitable educational institution under Section 12AA, and limitation of recovery to interest on TDS amounts were all dismissed. The Court emphasized that the appellant could not benefit from the relevant provisions due to the resident-receiver's failure to pay tax on the declared income, ultimately favoring the Revenue in the case. en-us Wed, 07 Mar 2018 00:00:00 +0530 Thu, 31 May 2018 13:12:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=357319 The Court upheld the Tribunal's decision, ruling against the assessee in all aspects. The appellant's arguments regarding quantum addition under Section 40(a)(ia), recovery of Tax Deduction at Source (TDS) under Section 201(1), retrospective application of the second proviso introduced by Finance Act, 2012, exemption for a charitable educational institution under Section 12AA, and limitation of recovery to interest on TDS amounts were all dismissed. The Court emphasized that the appellant could not benefit from the relevant provisions due to the resident-receiver's failure to pay tax on the declared income, ultimately favoring the Revenue in the case. Case-Laws Income Tax Wed, 07 Mar 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=357319