https://www.taxtmi.com/caselaws?id=217452 The ITAT Chennai ruled in favor of the Revenue, reinstating the addition made under Section 40A(3) by the Assessing Officer and overturning the decision of the CIT(Appeals) to delete the disallowance. The judgment emphasized the broad interpretation of "expenditure" under Section 40A(3) and reiterated that payments exceeding the specified limit made in cash were subject to disallowance, irrespective of the relationship with the payee. en-us Wed, 11 Jul 2012 00:00:00 +0530 Mon, 15 Oct 2012 14:35:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=217452 The ITAT Chennai ruled in favor of the Revenue, reinstating the addition made under Section 40A(3) by the Assessing Officer and overturning the decision of the CIT(Appeals) to delete the disallowance. The judgment emphasized the broad interpretation of "expenditure" under Section 40A(3) and reiterated that payments exceeding the specified limit made in cash were subject to disallowance, irrespective of the relationship with the payee. Case-Laws Income Tax Wed, 11 Jul 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=217452