https://www.taxtmi.com/caselaws?id=272244 Expatriate salaries paid outside India remained deductible where tax deductible at source was ultimately deposited under Chapter XVII-B, because Section 40(a)(iii), as then framed, did not impose a separate time-limit for deposit unless the statute expressly said so. The court also held that the omission to record the expense in the profit and loss account did not defeat the deduction, since allowability depends on the legal entitlement under the Act, not on accounting entries. The deduction was therefore allowed and the assessee's claim succeeded. en-us Tue, 01 Mar 2016 00:00:00 +0530 Mon, 02 May 2016 18:07:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=272244 Expatriate salaries paid outside India remained deductible where tax deductible at source was ultimately deposited under Chapter XVII-B, because Section 40(a)(iii), as then framed, did not impose a separate time-limit for deposit unless the statute expressly said so. The court also held that the omission to record the expense in the profit and loss account did not defeat the deduction, since allowability depends on the legal entitlement under the Act, not on accounting entries. The deduction was therefore allowed and the assessee's claim succeeded. Case-Laws Income Tax Tue, 01 Mar 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=272244