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2019 (9) TMI 600 - AT - Income TaxDisallowance u/s 40(a) (ia) - scope of amendment brought in Section 40(a)(ia) - HELD THAT:- As assessee submitted that 30% of the disallowance may be sustained in view of the amendment brought in by the Finance Act No. 2, w.e.f. 01/04/2015 to Section 40(a)(ia) of the Act, which is held to be curative and hence retrospective, by the case of DCIT vs. Punjab Infrastructure & Development Board Chandigarh [2015 (9) TMI 1663 - ITAT CHANDIGARH] D/R, had no objections with the same. We reverse the order of the CIT(A) and restore the disallowance made by the Assessing Officer u/s 40(a) (ia) of the Act, to the extent of 30% of the total amount. The balance disallowance is hereby deleted.
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