TMI Blog2013 (2) TMI 54X X X X Extracts X X X X X X X X Extracts X X X X ..... . It was on this basis that tribunal was of the opinion that the assessee committed no wrong and was therefore, entitled to seek deduction of Rs.32,94,149/- from the income which amount the assesee had deducted from payments of contractors and had also deposited with Revenue before the last date of filing of the return - in favour of assessee. - TAX APPEAL No. 706 of 2010 - - - Dated:- 18-7-20 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... (Appeals) which would establish that deduction in case of several contractors were made on 31.3.2005. All such amounts were deposited with the Government on or around 28.5.2005. In background of above undisputed facts, tribunal was of the opinion that by virtue of amended provisions of Section 40(a)(ia) of the Income Tax Act, 1961, assessee has not breached the requirement of deduction and deposit ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... w would be fulfilled. It was on this basis that tribunal was of the opinion that the assessee committed no wrong and was therefore, entitled to seek deduction of Rs.32,94,149/- from the income which amount the assesee had deducted from payments of contractors and had also deposited with Revenue before the last date of filing of the return. We do not find any illegality in order of tribunal. ..... X X X X Extracts X X X X X X X X Extracts X X X X
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