Supreme Court Clarifies Section 40(a)(ia): Includes Both Payable and Paid Amounts, Impacting Tax Liability Interpretation.

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....Section 40(a)(ia) covered not only those cases where the amounts were payable but also those where it was paid.Supreme Court decision in the case of Palam Gas Services v. CIT [2017 (5) TMI 242 - SUPREME COURT].....