https://www.taxtmi.com/caselaws?id=244728 The High Court upheld the Tribunal's decision, dismissing the Revenue's appeal against the disallowance under sections 40(a)(ia) and 40A(3) of the Income Tax Act. The case involved payments made by an assessee society to farmers, with the court emphasizing the society's welfare-oriented activities and lack of profit motive. The society acted as an intermediary for payments received from ONGC, distributing funds to farmers after deducting expenses. The court found no infirmity in the Tribunal's decision, highlighting the society's role in aiding farmers and maintaining vehicle-wise accounts. en-us Tue, 04 Feb 2014 00:00:00 +0530 Fri, 04 Apr 2014 17:39:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=244728 The High Court upheld the Tribunal's decision, dismissing the Revenue's appeal against the disallowance under sections 40(a)(ia) and 40A(3) of the Income Tax Act. The case involved payments made by an assessee society to farmers, with the court emphasizing the society's welfare-oriented activities and lack of profit motive. The society acted as an intermediary for payments received from ONGC, distributing funds to farmers after deducting expenses. The court found no infirmity in the Tribunal's decision, highlighting the society's role in aiding farmers and maintaining vehicle-wise accounts. Case-Laws Income Tax Tue, 04 Feb 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=244728