https://www.taxtmi.com/caselaws?id=373475 The Tribunal allowed the assessee's appeal, directing the AO to delete the disallowance of Rs. 3,11,519 made under section 40(a)(ia). The Tribunal held that the amendment to section 40(a)(ia) by the Finance Act, 2012, was retrospective, in line with the Delhi High Court's decision in CIT vs. Ansal Landmark Townships Pvt. Ltd. This decision was based on the principle favoring the assessee in case of multiple interpretations, as highlighted in the Supreme Court's ruling in CIT Vs. M/s Vegetable Products Ltd. en-us Wed, 09 Jan 2019 00:00:00 +0530 Mon, 14 Jan 2019 07:34:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=373475 The Tribunal allowed the assessee's appeal, directing the AO to delete the disallowance of Rs. 3,11,519 made under section 40(a)(ia). The Tribunal held that the amendment to section 40(a)(ia) by the Finance Act, 2012, was retrospective, in line with the Delhi High Court's decision in CIT vs. Ansal Landmark Townships Pvt. Ltd. This decision was based on the principle favoring the assessee in case of multiple interpretations, as highlighted in the Supreme Court's ruling in CIT Vs. M/s Vegetable Products Ltd. Case-Laws Income Tax Wed, 09 Jan 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=373475