https://www.taxtmi.com/caselaws?id=331216 Section 40(a)(ia) disallowance was treated as confined to amounts remaining payable at the end of the financial year, not to expenditure already paid during the year, subject to factual verification of whether the sums were actually outstanding on 31 March. The second proviso to section 40(a)(ia) was treated as curative and retrospective, so no disallowance could survive where a resident payee had included the payment in its return and discharged the tax liability, again subject to verification of the underlying records. The matter was therefore remanded for factual examination on both issues. en-us Fri, 17 Jun 2016 00:00:00 +0530 Wed, 17 Aug 2016 09:08:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=331216 Section 40(a)(ia) disallowance was treated as confined to amounts remaining payable at the end of the financial year, not to expenditure already paid during the year, subject to factual verification of whether the sums were actually outstanding on 31 March. The second proviso to section 40(a)(ia) was treated as curative and retrospective, so no disallowance could survive where a resident payee had included the payment in its return and discharged the tax liability, again subject to verification of the underlying records. The matter was therefore remanded for factual examination on both issues. Case-Laws Income Tax Fri, 17 Jun 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=331216