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2013 (8) TMI 558 - HC - Income TaxExpenditure u/s 40(a)(ia) - Tribunal held that the provisions of section 40(a)(ia) applies only to that expenditure which is payable as of 31st March and not to the expenditure which has already been paid during the year itself - decision of the Special Bench in the case of Merilyn Shipping & Transports (2012 (4) TMI 290 - ITAT VISAKHAPATNAM) has been carried in appeal before the Andhra Pradesh High Court and the Andhra Pradesh High Court has admitted the Tax Appeal and stayed the decision [2013 (8) TMI 288 - ANDHRA PRADESH HIGH COURT]. - Revenue's appeal admitted.
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