https://www.taxtmi.com/caselaws?id=69307 The Tribunal allowed the appeals by the assessee, challenging disallowances under section 40A(3) of the Income Tax Act for cash payments exceeding Rs. 2,500 to parties in the assessment years 1970-71 and 1971-72. The Tribunal accepted the genuineness of most cash payments, except for two disputed amounts, due to special circumstances where parties required cash payments in locations where the assessee had no bank account. Consequently, the disallowances were deemed unwarranted, and both appeals were allowed. en-us Tue, 31 Jul 1979 00:00:00 +0530 Wed, 06 Apr 2011 11:40:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=69307 The Tribunal allowed the appeals by the assessee, challenging disallowances under section 40A(3) of the Income Tax Act for cash payments exceeding Rs. 2,500 to parties in the assessment years 1970-71 and 1971-72. The Tribunal accepted the genuineness of most cash payments, except for two disputed amounts, due to special circumstances where parties required cash payments in locations where the assessee had no bank account. Consequently, the disallowances were deemed unwarranted, and both appeals were allowed. Case-Laws Income Tax Tue, 31 Jul 1979 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=69307