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2011 (11) TMI 348 - HC - Income Tax
Retrospective operation of section 40(a)(ia) tax deducted at source and paid before the due date of filing of the return of income - Held that - Supreme Court in case of Allied Motors Pvt. Ltd. Vs CIT(1997 (3) TMI 9 - Supreme Court) and in case of CIT vs Alom Extrusions Ltd.(2009 (11) TMI 27 - Supreme Court) has already decided that the aforesaid provision has retrospective application.
The Calcutta High Court heard the appeal regarding the retrospective operation of section 40(A)(ia) and found that it has retrospective application based on Supreme Court decisions. The appeal was dismissed in light of this authoritative pronouncement.