Thursday, 16 May 2013

Ambiguous language in Bill can't be compared with Act ratifying it; SB ruling in Merilyn Shipping's

IT : The provisions of section 40(a)(ia), 1961, are applicable not only to the amount which is shown as payable on the date of balance-sheet, but it is applicable to such expenditure, which become payable at any time during the relevant previous year and was actually paid within the previous year.


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