https://www.taxtmi.com/caselaws?id=71753 The Tribunal allowed the appeal, overturning the disallowance of a cash payment made by the appellant to a trading company under section 40A(3) of the Income Tax Act. The Tribunal found the payment to be genuine and deductible, supported by documentary evidence and an oral agreement with the appellant's son, which was not disputed by the authorities. The Tribunal criticized the Income Tax Officer for not examining the son and emphasized that the transaction was backed by accounts, leading to the deletion of the addition made by the ITO and upheld by the Appellate Assistant Commissioner. en-us Thu, 16 Sep 1982 00:00:00 +0530 Tue, 26 Apr 2011 18:21:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=71753 The Tribunal allowed the appeal, overturning the disallowance of a cash payment made by the appellant to a trading company under section 40A(3) of the Income Tax Act. The Tribunal found the payment to be genuine and deductible, supported by documentary evidence and an oral agreement with the appellant's son, which was not disputed by the authorities. The Tribunal criticized the Income Tax Officer for not examining the son and emphasized that the transaction was backed by accounts, leading to the deletion of the addition made by the ITO and upheld by the Appellate Assistant Commissioner. Case-Laws Income Tax Thu, 16 Sep 1982 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=71753