https://www.taxtmi.com/caselaws?id=203577 The Court held that the disallowance under Section 40A(3) of the Income Tax Act was justified, rejecting the Tribunal's interpretation that no disallowance should be made if the amount paid did not exceed Rs.10,000 in a day. The Court found the cash payments made by the assessee to be in violation of the section and confirmed the orders of the lower authorities, setting aside the Tribunal's decision. The Court emphasized the assessee's responsibility to raise defenses and provide evidence, ruling that the Assessing Officer was not obligated to highlight every statutory provision for the assessee's defense. en-us Fri, 29 Apr 2011 00:00:00 +0530 Sun, 05 Jun 2011 08:19:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=203577 The Court held that the disallowance under Section 40A(3) of the Income Tax Act was justified, rejecting the Tribunal's interpretation that no disallowance should be made if the amount paid did not exceed Rs.10,000 in a day. The Court found the cash payments made by the assessee to be in violation of the section and confirmed the orders of the lower authorities, setting aside the Tribunal's decision. The Court emphasized the assessee's responsibility to raise defenses and provide evidence, ruling that the Assessing Officer was not obligated to highlight every statutory provision for the assessee's defense. Case-Laws Income Tax Fri, 29 Apr 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=203577