https://www.taxtmi.com/caselaws?id=196209 The Tribunal allowed the assessee's appeal, setting aside the disallowance of expenditure under section 40(a)(ia) for A.Y. 2009-10. It directed the Assessing Officer to verify the details provided by the assessee regarding payments made by the end of the financial year, in line with the Special Bench's ruling and legal precedents. The decision emphasized that if payees had offered income for taxation and met specified conditions, no disallowance should be imposed. The case outcome favored the assessee, with the issue remanded for further verification by the AO. en-us Fri, 26 Aug 2016 00:00:00 +0530 Wed, 22 Nov 2017 08:11:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=196209 The Tribunal allowed the assessee's appeal, setting aside the disallowance of expenditure under section 40(a)(ia) for A.Y. 2009-10. It directed the Assessing Officer to verify the details provided by the assessee regarding payments made by the end of the financial year, in line with the Special Bench's ruling and legal precedents. The decision emphasized that if payees had offered income for taxation and met specified conditions, no disallowance should be imposed. The case outcome favored the assessee, with the issue remanded for further verification by the AO. Case-Laws Income Tax Fri, 26 Aug 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=196209