2017 (7) TMI 1089

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..... /s Palam Gas Service v. Commissioner of Income Tax [2017 (5) TMI 242 - SUPREME COURT] held that section 40 (a) (ia) of the Income Tax Act, 1961 covered not only these cases where the amounts were payable but also those where it was paid. Consequently, whichever way the matter is looked at, the present appeal is liable to be dismissed. It is ordered accordingly.
Hon'ble Mr. Justice Badar Durrez .....

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..... ree with the learned counsel for the assessee/appellant, which we do not, the outcome would be the same inasmuch as, the question framed in the present appeal as to whether section 40 (a) (ia) is applicable only on the amount payable and not on the amount actually paid has already been decided by us today itself in ITA No. 3/2016 on the basis of the Supreme Court decision in the case M/s Palam Gas .....

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