https://www.taxtmi.com/caselaws?id=64732 The Tribunal dismissed the challenge to the legality of the assessment proceedings, noting that the late filing of the return did not render the assessment invalid. The disallowance under Section 40A(3) of the IT Act amounting to Rs. 9,56,751 was deleted as the payments were deemed genuine and covered by Rule 6DD. The addition under Section 40A(8) was rejected as the assessee did not press the issue. The claim under Section 80J became redundant due to the allowance of expenditure, resulting in no income. The levy of interest under Sections 139(8) and 217 was also cancelled. The appeal was partly allowed, and the addition made by the ITO was deleted. en-us Thu, 08 Sep 1988 00:00:00 +0530 Wed, 09 Feb 2011 15:35:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=64732 The Tribunal dismissed the challenge to the legality of the assessment proceedings, noting that the late filing of the return did not render the assessment invalid. The disallowance under Section 40A(3) of the IT Act amounting to Rs. 9,56,751 was deleted as the payments were deemed genuine and covered by Rule 6DD. The addition under Section 40A(8) was rejected as the assessee did not press the issue. The claim under Section 80J became redundant due to the allowance of expenditure, resulting in no income. The levy of interest under Sections 139(8) and 217 was also cancelled. The appeal was partly allowed, and the addition made by the ITO was deleted. Case-Laws Income Tax Thu, 08 Sep 1988 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=64732