THE ACIT,, GUNTUR vs. M/S. VEERA ASSOCIATES,, GUNTUR

In the result, the appeal filed by the revenue is dismissed

Bench: Shri V. Durga Rao & Shri D.S. Sunder Singh

section 40(a)(ia) of the Act the Ld. D.R. argued that it was effective from 1.4.2013 but not retrospective effect. 7. We have heard both the parties, perused the materials available on record and gone through the orders of the authorities below. During the previous year relevant to the assessment year 2007-08, the assessee has paid