https://www.taxtmi.com/caselaws?id=248206 The Tribunal partially allowed the appeal, directing an addition of Rs. 20 lakhs instead of the entire disallowance under Section 40(a)(ia). The decision highlighted the significance of substance over form in evaluating transactions and stressed the necessity for a practical approach in determining disallowances. en-us Fri, 16 May 2014 00:00:00 +0530 Fri, 20 Mar 2015 11:49:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=248206 The Tribunal partially allowed the appeal, directing an addition of Rs. 20 lakhs instead of the entire disallowance under Section 40(a)(ia). The decision highlighted the significance of substance over form in evaluating transactions and stressed the necessity for a practical approach in determining disallowances. Case-Laws Income Tax Fri, 16 May 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=248206