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TMI Blog2013 (10) TMI 111X X X X Extracts X X X X X X X X Extracts X X X X ..... 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 quest ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Merilyn Shipping & Transporters? (B) 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? ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... i Manav Mehta, learned counsel of the appellant-revenue has vehemently submitted that so far as question nos. A and B is concerned, it is squarely covered by the decision of the Division Bench of this Court in the case of CIT v. Sikandarkhan N. Tunvar in Tax Appeal No.905 of 2012 and other allied appeals and the Division Bench has remanded the matter to the Appellate Tribunal to consider the afore ..... X X X X Extracts X X X X X X X X Extracts X X X X
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