2017 (8) TMI 1322

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..... appeal against the judgement of the Income Tax Appellate Tribunal dated 23.12.2016 raising the following question for our consideration: Whether the Appellate Tribunal was right in law and facts in setting aside the issue of disallowance u/s 40(a)(ia) of Rs. 59,70,900/- to the file of the Assessing Officer for fresh adjudication in light of the decision in the case of Ansal Land Mark township (P) .....

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..... ement had referred to the newly inserted proviso to section 40(a)(ia) and considered in light of the proviso to sub-section (1) of section 201 of the Act with effect from 01.07.2012. It was noticed that such provisos were added to obviate the difficulties of an assessee who, though may not have deducted tax at source while making certain payments, can establish that the payee had furnished the ret .....

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