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2015 (12) TMI 1029 - AT - Income TaxDisallowance under S.40(a)(ia) - Held that:- The principle which emerges is that if the expenditure claimed was paid within the relevant previous year, no disallowance can be made under S.40(a)(ia). However, in the present case, assessee has to establish that the expenditure claimed was paid during the relevant previous year and nothing remained payable at the end of the year. We therefore, set aside the impugned orders of the lower authorities on this issue, and direct the Assessing Officer to verify this fact and allow the expenditure if it is found that the entire expenditure claimed has been paid within the relevant previous year and nothing remains payable/outstanding at the end of the year. The assessee must be given reasonable opportunity of being heard on the issue. - Decided in favour of assessee for statistical purposes.
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