Tribunal held that the assessee has furnished requisite information u/s. 194C(6) hence no disallowance can made. Amendment made to section 40(a)(ia) by Finance Act, 2015 is remedial in nature and retrospective in applicability. (AY. 2012-13 to 2014-15)
Zuberi Engineering Company v. DCIT (2019) 69 ITR 261 / 175 ITD 557/197 TTJ 659/ 179 DTR 25 (Jaipur) (Trib.)
S. 40(a)(ia) : Amounts not deductible-Deduction at source- Transportation of goods- Requisite information was furnished u/s 194C(6)–No disallowance can be made- Amendment made to section 40(a)(ia) by Finance Act, 2015 is remedial in nature and retrospective in applicability. [S. 194C(6)]