https://www.taxtmi.com/caselaws?id=180816 Section 40(a)(ia) was treated as applying only to expenditure remaining payable at year-end, not to amounts already paid during the accounting year. The Tribunal followed existing judicial precedent and accepted that the disallowance mechanism is confined to sums outstanding as on 31 March. On that basis, the Revenue's challenge failed and the relief granted by the first appellate authority remained undisturbed. en-us Thu, 31 Dec 2015 00:00:00 +0530 Sat, 02 Apr 2016 10:45:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=180816 Section 40(a)(ia) was treated as applying only to expenditure remaining payable at year-end, not to amounts already paid during the accounting year. The Tribunal followed existing judicial precedent and accepted that the disallowance mechanism is confined to sums outstanding as on 31 March. On that basis, the Revenue's challenge failed and the relief granted by the first appellate authority remained undisturbed. Case-Laws Income Tax Thu, 31 Dec 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=180816