https://www.taxtmi.com/caselaws?id=195264 The Appellate Tribunal ITAT Amritsar allowed the appeal of the assessee, overturning the CIT(A)'s decision to disallow under section 40(a)(ia) of the Income-tax Act, 1961. The Tribunal relied on a Special Bench decision that clarified the section's application to expenditure payable as of 31st March each year, not to amounts already paid during the previous year without tax deduction. Consequently, the Tribunal concluded that the disallowance was unwarranted in this case, leading to the reversal of the CIT(A)'s order and the allowance of all grounds raised by the assessee. en-us Tue, 07 Aug 2012 00:00:00 +0530 Fri, 09 Feb 2018 12:37:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=195264 The Appellate Tribunal ITAT Amritsar allowed the appeal of the assessee, overturning the CIT(A)'s decision to disallow under section 40(a)(ia) of the Income-tax Act, 1961. The Tribunal relied on a Special Bench decision that clarified the section's application to expenditure payable as of 31st March each year, not to amounts already paid during the previous year without tax deduction. Consequently, the Tribunal concluded that the disallowance was unwarranted in this case, leading to the reversal of the CIT(A)'s order and the allowance of all grounds raised by the assessee. Case-Laws Income Tax Tue, 07 Aug 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=195264