https://www.taxtmi.com/caselaws?id=10337 Royalty expenditure remained deductible under section 40(a)(i) because tax was deducted at source and paid within the time prescribed by section 200(1), even though payment was made in the next financial year. Applying the plain meaning of the provision, the HC held that disallowance arises only where tax is not deducted or, after deduction, is not paid within the statutory period. The Tribunal's view was a permissible interpretation, so no substantial question of law arose and the revenue's appeal failed. en-us Thu, 03 Feb 2005 00:00:00 +0530 Mon, 13 Jul 2009 18:38:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=10337 Royalty expenditure remained deductible under section 40(a)(i) because tax was deducted at source and paid within the time prescribed by section 200(1), even though payment was made in the next financial year. Applying the plain meaning of the provision, the HC held that disallowance arises only where tax is not deducted or, after deduction, is not paid within the statutory period. The Tribunal's view was a permissible interpretation, so no substantial question of law arose and the revenue's appeal failed. Case-Laws Income Tax Thu, 03 Feb 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=10337