https://www.taxtmi.com/caselaws?id=220124 Actual payment governed deductibility of PLA balances and customs duty in closing stock, so section 43B relief was not lost merely because the amounts also entered stock valuation. VRS expenditure was deductible under section 35DDA because that provision is self-contained, and Rule 2BA was held relevant to employee exemption under section 10(10C), not the employer's claim. Foreign commission and expense reimbursements for services rendered outside India were not subject to withholding because section 195 applies only to sums chargeable to tax in India, so disallowance under section 40(a)(i) failed. Club membership expenditure for executives was treated as incurred for business expediency and allowed as business expenditure. en-us Wed, 07 Nov 2012 00:00:00 +0530 Sat, 05 Jan 2013 16:35:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=220124 Actual payment governed deductibility of PLA balances and customs duty in closing stock, so section 43B relief was not lost merely because the amounts also entered stock valuation. VRS expenditure was deductible under section 35DDA because that provision is self-contained, and Rule 2BA was held relevant to employee exemption under section 10(10C), not the employer's claim. Foreign commission and expense reimbursements for services rendered outside India were not subject to withholding because section 195 applies only to sums chargeable to tax in India, so disallowance under section 40(a)(i) failed. Club membership expenditure for executives was treated as incurred for business expediency and allowed as business expenditure. Case-Laws Income Tax Wed, 07 Nov 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=220124