https://www.taxtmi.com/caselaws?id=242425 The Tribunal allowed the appeal, ruling that section 40A(3) disallowance did not apply for cash payments below Rs. 20,000 in the Assessment Year 2008-09. The appellant successfully argued that the pre-amendment provision was relevant, leading to the deletion of the disallowed amount of Rs. 4,76,000. The Tribunal focused on legal interpretations and precedents to support its decision, emphasizing the specific threshold amounts under the pre-amendment provision as the basis for allowing the appeal. en-us Fri, 08 Feb 2013 00:00:00 +0530 Wed, 15 Jan 2014 10:45:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=242425 The Tribunal allowed the appeal, ruling that section 40A(3) disallowance did not apply for cash payments below Rs. 20,000 in the Assessment Year 2008-09. The appellant successfully argued that the pre-amendment provision was relevant, leading to the deletion of the disallowed amount of Rs. 4,76,000. The Tribunal focused on legal interpretations and precedents to support its decision, emphasizing the specific threshold amounts under the pre-amendment provision as the basis for allowing the appeal. Case-Laws Income Tax Fri, 08 Feb 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=242425