https://www.taxtmi.com/caselaws?id=362281 The Tribunal allowed the appeal, overturning the disallowance of Rs. 21,62,634/- under Section 40(a)(ia) read with Section 194A. It upheld the retrospective applicability of the proviso to Section 40(a)(ia), ruling in favor of the assessee. The Tribunal found that discounting charges did not constitute "interest" and, therefore, the disallowance was unjustified. The decision was based on the Delhi High Court's ruling and provided relief to the assessee, with the order pronounced on 20/06/2018. en-us Wed, 20 Jun 2018 00:00:00 +0530 Fri, 22 Jun 2018 09:01:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=362281 The Tribunal allowed the appeal, overturning the disallowance of Rs. 21,62,634/- under Section 40(a)(ia) read with Section 194A. It upheld the retrospective applicability of the proviso to Section 40(a)(ia), ruling in favor of the assessee. The Tribunal found that discounting charges did not constitute "interest" and, therefore, the disallowance was unjustified. The decision was based on the Delhi High Court's ruling and provided relief to the assessee, with the order pronounced on 20/06/2018. Case-Laws Income Tax Wed, 20 Jun 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=362281