Allahabad High Court also rules that sec 40(a)(ia) is applicable on “Payable”

Hon’ble Allahabad High Court in the case of Ashok Auto Sales Ltd v/s CIT , Agra in Income Tax Appeal No. 351/2013 vide order dated 23.11.2017 has held that Vector shipping is not the correct preposition of law as held by Honb’le SC in the case of M/s Please become a Premium member. If you are already a Premium member, login here to access the full content.