2018 (8) TMI 764 - SCH - Income Tax

Disallowance u/s 40(a)(ia) - whether the provisions of section 40(a)(ia) as amended by the Finance Act, 2010 with effect from 1st April, 2010 are of clarificatory nature and therefore retrospective? - Held that - the amendment was curative in nature, it should be given retrospective operation - SLP filed by the revenue dismissed.

Summary

The Supreme Court dismissed Mr. Kurian Joseph's special leave petition as the issue raised was covered in a previous judgment. The respondent did not appear. The petition is dismissed.