https://www.taxtmi.com/caselaws?id=283344 Section 40(a)(ia) disallowance for freight and other payments was held unsustainable where tax was deducted in February 2007 and deposited in May 2007 before the due date under section 139(1). The Tribunal applied the jurisdictional High Court's view that the Finance Act, 2010 amendment to the proviso to section 40(a)(ia) was remedial and curative, and therefore retrospective. On that basis, the statutory condition for disallowance was not met, and the assessee was entitled to the deduction. en-us Fri, 20 Apr 2012 00:00:00 +0530 Thu, 19 Sep 2019 16:35:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=283344 Section 40(a)(ia) disallowance for freight and other payments was held unsustainable where tax was deducted in February 2007 and deposited in May 2007 before the due date under section 139(1). The Tribunal applied the jurisdictional High Court's view that the Finance Act, 2010 amendment to the proviso to section 40(a)(ia) was remedial and curative, and therefore retrospective. On that basis, the statutory condition for disallowance was not met, and the assessee was entitled to the deduction. Case-Laws Income Tax Fri, 20 Apr 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=283344