https://www.taxtmi.com/caselaws?id=289326 The Tribunal upheld the AO's order and set aside the CIT's order under section 263 of the Income Tax Act, 1961. The appeal was allowed in favor of the assessee, determining that belated TDS payments made before the due date of filing the return are not subject to disallowance under section 40(a)(ia). The Tribunal relied on the decision of the Calcutta High Court, emphasizing its retrospective operation. en-us Fri, 13 Jul 2012 00:00:00 +0530 Sat, 25 Jul 2020 10:04:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=289326 The Tribunal upheld the AO's order and set aside the CIT's order under section 263 of the Income Tax Act, 1961. The appeal was allowed in favor of the assessee, determining that belated TDS payments made before the due date of filing the return are not subject to disallowance under section 40(a)(ia). The Tribunal relied on the decision of the Calcutta High Court, emphasizing its retrospective operation. Case-Laws Income Tax Fri, 13 Jul 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=289326