https://www.taxtmi.com/caselaws?id=383739 The ITAT allowed the appeal, directing the Assessing Officer to delete the addition under section 40(a)(ia) of the Income-tax Act for A.Y 2013-14. Citing a Supreme Court judgment, the ITAT applied the amendment to section 40(a)(ia) retrospectively from A.Y 2005-2006, emphasizing equitable treatment and avoiding unintended consequences for the assessee. The decision underscores the importance of interpreting tax laws to uphold their purpose and protect taxpayers' interests. en-us Thu, 04 Jul 2019 00:00:00 +0530 Tue, 30 Jul 2019 07:27:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=383739 The ITAT allowed the appeal, directing the Assessing Officer to delete the addition under section 40(a)(ia) of the Income-tax Act for A.Y 2013-14. Citing a Supreme Court judgment, the ITAT applied the amendment to section 40(a)(ia) retrospectively from A.Y 2005-2006, emphasizing equitable treatment and avoiding unintended consequences for the assessee. The decision underscores the importance of interpreting tax laws to uphold their purpose and protect taxpayers' interests. Case-Laws Income Tax Thu, 04 Jul 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=383739