https://www.taxtmi.com/caselaws?id=283288 The Court declined the petitioner's claim for retrospective effect of the Second proviso to Section 40(a)(ia) of the Income-tax Act, 1961, citing unsettled law due to pending appeals. However, the disallowance of interest payments under Section 40(a)(ia) was overturned based on a High Court decision. The Court directed the petitioner to pursue a regular appeal before the Commissioner of Income Tax (Appeals) within 30 days for issues not addressed by the Principal Commissioner. The judgment provided clarity on the legal aspects and remedial steps for each issue raised in the case. en-us Tue, 20 Feb 2018 00:00:00 +0530 Wed, 18 Sep 2019 07:45:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=283288 The Court declined the petitioner's claim for retrospective effect of the Second proviso to Section 40(a)(ia) of the Income-tax Act, 1961, citing unsettled law due to pending appeals. However, the disallowance of interest payments under Section 40(a)(ia) was overturned based on a High Court decision. The Court directed the petitioner to pursue a regular appeal before the Commissioner of Income Tax (Appeals) within 30 days for issues not addressed by the Principal Commissioner. The judgment provided clarity on the legal aspects and remedial steps for each issue raised in the case. Case-Laws Income Tax Tue, 20 Feb 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=283288