https://www.taxtmi.com/caselaws?id=271137 The ITAT dismissed the appeal filed by the assessee against the CIT(A)'s order confirming the assessment order disallowing a sum under sec. 40(a)(ia) of the Act. The delay in filing the appeal was condoned, but the ITAT upheld the disallowance, stating that it applies to both payable and paid expenditures based on the jurisdictional High Court's precedent. The ITAT found no reason to interfere with the CIT(A)'s decision, ultimately affirming it on October 7, 2015. en-us Wed, 07 Oct 2015 00:00:00 +0530 Thu, 28 Jan 2016 10:43:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=271137 The ITAT dismissed the appeal filed by the assessee against the CIT(A)'s order confirming the assessment order disallowing a sum under sec. 40(a)(ia) of the Act. The delay in filing the appeal was condoned, but the ITAT upheld the disallowance, stating that it applies to both payable and paid expenditures based on the jurisdictional High Court's precedent. The ITAT found no reason to interfere with the CIT(A)'s decision, ultimately affirming it on October 7, 2015. Case-Laws Income Tax Wed, 07 Oct 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=271137