https://www.taxtmi.com/caselaws?id=307253 The Tribunal partly allowed the appeal against the disallowance of TDS under Section 40(a)(ia) for AY 2014-2015. The Tribunal recalled its earlier order restricting the disallowance to 30% instead of 100% made by the AO, based on a miscellaneous application by the revenue citing a Supreme Court decision. Considering the retrospective nature of the amendment to Section 40(a)(ia) by the Finance Act, 2014, and previous Tribunal decisions, the Tribunal directed the AO to limit the disallowance to 30%, relieving the assessee of hardships. The appeal of the assessee was partly allowed. en-us Mon, 14 Nov 2022 00:00:00 +0530 Thu, 30 Mar 2023 01:21:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=307253 The Tribunal partly allowed the appeal against the disallowance of TDS under Section 40(a)(ia) for AY 2014-2015. The Tribunal recalled its earlier order restricting the disallowance to 30% instead of 100% made by the AO, based on a miscellaneous application by the revenue citing a Supreme Court decision. Considering the retrospective nature of the amendment to Section 40(a)(ia) by the Finance Act, 2014, and previous Tribunal decisions, the Tribunal directed the AO to limit the disallowance to 30%, relieving the assessee of hardships. The appeal of the assessee was partly allowed. Case-Laws Income Tax Mon, 14 Nov 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=307253