https://www.taxtmi.com/caselaws?id=373921 The High Court upheld the Tribunal's decision to delete the disallowance under Section 40(a)(ia) of the Income Tax Act. It affirmed that the amendments to the Act should be applied retrospectively from 01.04.2005, emphasizing the legislative intent to prevent undue hardship to taxpayers. The Court found that the taxpayer had deposited the TDS with minimal delay and paid interest, leading to substantive compliance. As such, the Court dismissed the Revenue's appeal, stating that no substantial legal question arose, and the issue was already addressed in a prior decision. en-us Thu, 17 Jan 2019 00:00:00 +0530 Tue, 22 Jan 2019 08:16:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=373921 The High Court upheld the Tribunal's decision to delete the disallowance under Section 40(a)(ia) of the Income Tax Act. It affirmed that the amendments to the Act should be applied retrospectively from 01.04.2005, emphasizing the legislative intent to prevent undue hardship to taxpayers. The Court found that the taxpayer had deposited the TDS with minimal delay and paid interest, leading to substantive compliance. As such, the Court dismissed the Revenue's appeal, stating that no substantial legal question arose, and the issue was already addressed in a prior decision. Case-Laws Income Tax Thu, 17 Jan 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=373921