Commissioner Of Income Tax, Kochi vs Trans Asian Shipping Services (P) Ltd on 5 July, 2016
1.3. The Ld. CIT(A) erred in disallowing the above amount under
section 40(a)(ia) of the Act without considering nor discussing on
the facts and legal provision of said Act that the Appellant has
"paid" the amount during the year under consideration and is
not "payable" at the end of the year, relying on the decision of
M/s CIT Vs. Vector Shipping Services(P) Ltd. CC No(s) . 8068/2014
for which SLA was dismissed by Supreme Court.