https://www.taxtmi.com/caselaws?id=412497 The Tribunal affirmed the ld. CIT(A)'s order, holding that the second proviso to section 40(a)(ia) of the Income Tax Act applies retrospectively. The Assessing Officer's disallowance of payments for failure to deduct TDS was overturned, following the principle that recipients offering the payments in their returns absolved the assessee of default. The Tribunal cited relevant case law and a Delhi High Court decision supporting this interpretation. The Revenue's appeal was dismissed, and the Cross Objection by the assessee was deemed irrelevant. en-us Wed, 18 Aug 2021 00:00:00 +0530 Mon, 20 Sep 2021 09:20:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=412497 The Tribunal affirmed the ld. CIT(A)'s order, holding that the second proviso to section 40(a)(ia) of the Income Tax Act applies retrospectively. The Assessing Officer's disallowance of payments for failure to deduct TDS was overturned, following the principle that recipients offering the payments in their returns absolved the assessee of default. The Tribunal cited relevant case law and a Delhi High Court decision supporting this interpretation. The Revenue's appeal was dismissed, and the Cross Objection by the assessee was deemed irrelevant. Case-Laws Income Tax Wed, 18 Aug 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=412497