Court Reviews Auditor's Remuneration Disallowance u/s 40(a)(ia), Questions Timing and Payee Identification Validity.

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....Provision for Auditor's remuneration - Disallowance u/s 40(a)(ia) - the stand of the assessee that the concerned payees were not identifiable at the time of making the provision is required to be verified keeping in view that the auditors generally are appointed in the relevant financial year itself. - AT....