ASSISTANT COMMISSIONER OF INCOME TAX, CIRCLE-KATNI, KATNI vs. M/S. GAJRAJ MINING PVT. L:TD., SINGRAULI
In the result, the appeal of the Revenue as well as assessee is dismissed
ITA 27/JAB/2020[2017-18]Status: DisposedITAT Jabalpur30 Nov 2023AY 2017-18
Bench: Dr. B. R. R. Kumarsh. Yogesh Kumar Us
For Appellant: Sh. Sapan Usrethe, AdvFor Respondent: Sh. Shravan Kumar Gotru, CIT(DR)
Section 2Section 36(1)(iii)Section 43B
disallowance, first of all it has to be established that such sum is payable. The Dictionary meaning of the word 'payable/in Concise Oxford English Dictionary is ,
1. required to be paid;
2. able to be paid; and 3. debts owned by a business
The Chambers Dictionary (New Edition) defines the word payabl e' as "that may or should be paid
