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2013 (10) TMI 111 - HC - Income TaxDisallowance of various expenses u/s 40(a)(ia) – Whether section 40(a)(ia) of the Income Tax Act can be invoked only to disallow expenditure of the nature referred to therein, which is shown as 'payable' as on the date of the balance sheet or it can be invoked also to disallow such expenditure which became payable at any time during the relevant previous year and was actually paid within the previous year? - Held that:- Order passed by the ITAT dated 21.9.2012 is quashed and set aside and the matter is remanded to the ITAT to consider the aforesaid two questions afresh in accordance with law and on merits.
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