Suresh Prasad (www.aubsp.com) (15630 Points)
14 November 2010Amendments made in provisions of section 40(a)(ia) by the Finance Act, 2010 are remedial/curative in nature and the same would apply retrospectively w.e.f. Ist April, 2005.
venkatraman shrinivas
(Tax consultant/Tax Advocate In Practice.)
(313 Points)
Replied 15 November 2010
I agree. Special Bench of the Bombay ITAT has decided on similar lines in the case of Babasaheb Nanasaheb Damul Vs. ACIT.
Nandlal Jaiswar
(C A Article)
(55 Points)
Replied 13 December 2010
Please can anyone send me a copy of decision on Special Bench of the Bombay ITAT has decided on similar lines in the case of Babasaheb Nanasaheb Damul Vs. ACIT.
venkatraman shrinivas
(Tax consultant/Tax Advocate In Practice.)
(313 Points)
Replied 14 December 2010
I am sending by attachment the decision of the Bombay Special Bench in the case of Babpusaheb Nanasaheb Damul Vs. ACIT, wherein the Hon'ble Bench has held that provision not to disallow under section 40(a)9ia) if the TDS amounts aqre paid before the due date for filing the return of income under section 139(1) has retrospective effect from Apri,2005 onwards.
Live class on PF & ESI Enrollment & Returns Filing(with recording)
CAclubindia
