https://www.taxtmi.com/caselaws?id=256547 Section 40(a)(ia) is not confined to sums outstanding as payable on the last day of the financial year; it applies to any TDS-deductible amount paid or payable during the year where tax has not been deducted or, after deduction, not paid within the prescribed time. The Tribunal rejected the narrower year-end payable interpretation. It also accepted the alternative position that, where tax is actually paid, the corresponding expenditure is allowable in the year of such payment under the provisos to sections 40(a)(ia) and 40(a)(i), subject to verification by the Assessing Officer. en-us Fri, 12 Dec 2014 00:00:00 +0530 Mon, 16 Feb 2015 10:46:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=256547 Section 40(a)(ia) is not confined to sums outstanding as payable on the last day of the financial year; it applies to any TDS-deductible amount paid or payable during the year where tax has not been deducted or, after deduction, not paid within the prescribed time. The Tribunal rejected the narrower year-end payable interpretation. It also accepted the alternative position that, where tax is actually paid, the corresponding expenditure is allowable in the year of such payment under the provisos to sections 40(a)(ia) and 40(a)(i), subject to verification by the Assessing Officer. Case-Laws Income Tax Fri, 12 Dec 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=256547