s.40(a)(ia) apply only to expenditure remaining payable

The assessee would  get benefit of  decision of Special bench in the case of Merilyne Shipping and Trasports, referred (Supra). The issue viz., whether the provisions of sec.40(a)(ia) would apply to all payments made during the course of the year or it would apply only to the expenditure which remain payable as at the end of relevant year was considered by the Visakhapatnam Special Bench in the case of Merilyn Shipping & Transports, referred (Supra) and the Special bench, by majority view, has held that the provisions of section 40(a)(ia) of the Act would apply only to the expenditure wh...