HC to decide on true scope and ambit of Section 40(a) (ia)

Calcutta High Court admitted the appeal on the following questions of law:- a) Whether the learned Tribunal applied the correct legal principles in deleting dis allowance made by the Assessing Officer under Section 40(a) (ia) read with Section 194C in respect of the income of the assessee for the Assessment Year 2006-07 ? b) What is the true scope and ambit of Section 40(a) (ia) of the Income Tax Act, 1961 ? All parties are to act on a signed photocopy of this order on the usual undertakings. ORDER SHEET ITAT No. 101 of 2013 GA No. 1334 of 2013 IN THE HIGH COURT AT CALCUTTA OR...