https://www.taxtmi.com/caselaws?id=372362 The Tribunal upheld the Commissioner's decision to delete the addition of interest paid to various parties under section 40(a)(ia) for Assessment Year 2012-13. The Tribunal noted that the finance charges were not subject to TDS, loans were obtained from finance companies, and supporting evidence confirmed inclusion of interest in their income. Additionally, the Tribunal upheld the application of the second proviso to section 40(a)(ia) retrospectively, leading to the dismissal of the Revenue's appeal. en-us Fri, 07 Dec 2018 00:00:00 +0530 Fri, 21 Dec 2018 07:08:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=372362 The Tribunal upheld the Commissioner's decision to delete the addition of interest paid to various parties under section 40(a)(ia) for Assessment Year 2012-13. The Tribunal noted that the finance charges were not subject to TDS, loans were obtained from finance companies, and supporting evidence confirmed inclusion of interest in their income. Additionally, the Tribunal upheld the application of the second proviso to section 40(a)(ia) retrospectively, leading to the dismissal of the Revenue's appeal. Case-Laws Income Tax Fri, 07 Dec 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=372362