High Court dismissed the appeal of the revenue by holding that, second proviso to S. 40(a)(ia) is applicable to relevant assessment year. Followed Ansal Land Mark Township (P) Ltd. v. CIT (2015) 377 ITR 635 (Delhi) (HC). (AY. 2010-11)
PCIT v. Noida Software Technology Park Ltd. (2020) 113 taxmann.com 144 / 269 Taxman 11 (Delhi)(HC) Editorial : SLP of revenue is admitted, PCIT v. Noida Software Technology Park Ltd. (2020) 269 Taxman 10 (SC)
S. 40(a)(ia) : Amounts not deductible-Deduction at source-Interest paid to resident-Second proviso to S.40(a)(ia) is applicable-No disallowance can be made.