https://www.taxtmi.com/caselaws?id=183388 Crushing charges paid for job work were held disallowable under section 40(a)(ia) because the computation of business income operates as an integrated scheme and section 40 overrides sections 30 to 38. The Tribunal rejected the argument that section 28 insulated the expenditure from disallowance, and also rejected the view that section 40(a)(ia) applies only to amounts outstanding as payable at year-end. It held that the provision covers expenditure on which tax was deductible under Chapter XVII-B during the year but was not deducted, including amounts already paid. The disallowance was therefore upheld. en-us Thu, 30 May 2013 00:00:00 +0530 Wed, 08 Jun 2016 11:03:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=183388 Crushing charges paid for job work were held disallowable under section 40(a)(ia) because the computation of business income operates as an integrated scheme and section 40 overrides sections 30 to 38. The Tribunal rejected the argument that section 28 insulated the expenditure from disallowance, and also rejected the view that section 40(a)(ia) applies only to amounts outstanding as payable at year-end. It held that the provision covers expenditure on which tax was deductible under Chapter XVII-B during the year but was not deducted, including amounts already paid. The disallowance was therefore upheld. Case-Laws Income Tax Thu, 30 May 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=183388