https://www.taxtmi.com/caselaws?id=257869 The Tribunal reversed the CIT(A)'s decision and upheld the AO's disallowance under Section 40(a)(ia), interpreting "payable" to include both paid and payable amounts. The matter was remanded to the AO to consider the applicability of the second proviso to Section 40(a)(ia) inserted by the Finance Act, 2012. The appeal was treated as allowed for statistical purposes. en-us Wed, 18 Mar 2015 00:00:00 +0530 Wed, 25 Mar 2015 08:59:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=257869 The Tribunal reversed the CIT(A)'s decision and upheld the AO's disallowance under Section 40(a)(ia), interpreting "payable" to include both paid and payable amounts. The matter was remanded to the AO to consider the applicability of the second proviso to Section 40(a)(ia) inserted by the Finance Act, 2012. The appeal was treated as allowed for statistical purposes. Case-Laws Income Tax Wed, 18 Mar 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=257869