https://www.taxtmi.com/caselaws?id=216591 The Tribunal allowed the appeal for statistical purposes regarding additions under Sections 40(a)(ia) and 68 of the IT Act. It emphasized the need to verify amounts paid and payable and the genuineness of expenses claimed. The decision clarified the application of the relevant sections and directed the AO to further verify and obtain evidence, providing the appellant with an opportunity to substantiate claims. en-us Tue, 03 Jul 2012 00:00:00 +0530 Thu, 07 Apr 2016 16:54:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=216591 The Tribunal allowed the appeal for statistical purposes regarding additions under Sections 40(a)(ia) and 68 of the IT Act. It emphasized the need to verify amounts paid and payable and the genuineness of expenses claimed. The decision clarified the application of the relevant sections and directed the AO to further verify and obtain evidence, providing the appellant with an opportunity to substantiate claims. Case-Laws Income Tax Tue, 03 Jul 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=216591