https://www.taxtmi.com/caselaws?id=398740 ITAT CUTTACK (AT) held that where an assessee failed to produce details of expenditure subject to TDS, disallowance under section 40(a)(ia) cannot remain at 100% because the Finance Act, 2014 (w.e.f. 01.04.2015) and tribunal precedent treat the proviso limiting disallowance to 30% as curative and retrospective. The AO was directed to restrict the confirmed 100% disallowance to 30% of the relevant claim as reflected in the profit and loss account. The appeal was partly allowed. en-us Mon, 16 Mar 2020 00:00:00 +0530 Fri, 22 Aug 2025 22:14:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=398740 ITAT CUTTACK (AT) held that where an assessee failed to produce details of expenditure subject to TDS, disallowance under section 40(a)(ia) cannot remain at 100% because the Finance Act, 2014 (w.e.f. 01.04.2015) and tribunal precedent treat the proviso limiting disallowance to 30% as curative and retrospective. The AO was directed to restrict the confirmed 100% disallowance to 30% of the relevant claim as reflected in the profit and loss account. The appeal was partly allowed. Case-Laws Income Tax Mon, 16 Mar 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=398740