https://www.taxtmi.com/caselaws?id=68803 The Tribunal allowed both appeals, deleting the additions made by the AO and confirmed by the CIT(A) under section 40A(3) of the IT Act for AY 1992-93 and AY 1991-92. The Tribunal found that the payments were made under exceptional circumstances as per relevant provisions and circulars, emphasizing that genuine transactions should not be disallowed, in line with judicial precedents. en-us Fri, 29 Jun 2007 00:00:00 +0530 Fri, 01 Apr 2011 17:26:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=68803 The Tribunal allowed both appeals, deleting the additions made by the AO and confirmed by the CIT(A) under section 40A(3) of the IT Act for AY 1992-93 and AY 1991-92. The Tribunal found that the payments were made under exceptional circumstances as per relevant provisions and circulars, emphasizing that genuine transactions should not be disallowed, in line with judicial precedents. Case-Laws Income Tax Fri, 29 Jun 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=68803