https://www.taxtmi.com/caselaws?id=261396 The Tribunal ruled in favor of the assessee, emphasizing that disallowance under Section 40(a)(ia) applies to payable amounts, not those already paid. Regarding the addition u/s 41(1) for the salary provision, the Tribunal agreed with the appellant that since the provision was not written back and remained outstanding in the balance sheet, the provisions of Section 41(1) did not apply. The Tribunal also ruled in favor of the appellant concerning the alleged violation of Section 269SS for cash payment, as it was not a cash transaction but passed through journal entries. Consequently, the appeal was allowed, and the CIT(A)'s decision was overturned. en-us Wed, 25 Mar 2015 00:00:00 +0530 Tue, 23 Jun 2015 10:21:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=261396 The Tribunal ruled in favor of the assessee, emphasizing that disallowance under Section 40(a)(ia) applies to payable amounts, not those already paid. Regarding the addition u/s 41(1) for the salary provision, the Tribunal agreed with the appellant that since the provision was not written back and remained outstanding in the balance sheet, the provisions of Section 41(1) did not apply. The Tribunal also ruled in favor of the appellant concerning the alleged violation of Section 269SS for cash payment, as it was not a cash transaction but passed through journal entries. Consequently, the appeal was allowed, and the CIT(A)'s decision was overturned. Case-Laws Income Tax Wed, 25 Mar 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=261396