2014 (11) TMI 1150

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....RAMAKOTAIAH, A.M. This is Revenue appeal against the order of Ld. CIT(A)-II, Hyderabad dated 12.05.2014. Revenue has raised only one ground on the reason that insertion of second proviso w.e.f. 01.04.2013 to section 40(a)(ia) is only prospective in nature and not retrospective. 2. Briefly stated, assessee herein is engaged in the business of real estate, construction and sale of flats. While ma....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....he tax also. If all the conditions are satisfied, A.O. is directed to allow the amounts under section 40(a)(ia). Ld. CIT(A) also observed that in case of failure on the part of assessee to furnish such certificates, the disallowance stands confirmed. While directing the same, Ld. CIT(A) took into consideration the second proviso to section 40(a)(ia) which intended to remove the hardship to assesse....