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2012 (7) TMI 187 - AT - Income TaxDis-allowance u/s 40(a)(ia) - failure to deduct tax at source u/s 194C - amounts stood paid during the instant year itself - Held that:- Provisions of Section 40(a)(ia) are applicable only to the amounts of expenditure which are payable as on the date 31st March of every year and it cannot be invoked to disallow which had been actually paid during the previous year, without deduction of TDS. See Merilyn Shipping & Transports vs. ACIT (2012 (4) TMI 290 (Tri)) - Decided in favor of assessee.
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