https://www.taxtmi.com/caselaws?id=249425 The Tribunal set aside the CIT(A)'s decision and directed the AO to delete the disallowance of Rs. 54,79,648/- under Section 40A(3) of the Income Tax Act, 1961. The Tribunal found that the payments made through banking channels for mobile recharge vouchers did not violate Section 40A(3) due to the principal-agent relationship involved. As a result, the assessee's appeal was allowed, and the related Stay Application was dismissed. en-us Tue, 10 Jun 2014 00:00:00 +0530 Tue, 17 Mar 2015 14:47:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=249425 The Tribunal set aside the CIT(A)'s decision and directed the AO to delete the disallowance of Rs. 54,79,648/- under Section 40A(3) of the Income Tax Act, 1961. The Tribunal found that the payments made through banking channels for mobile recharge vouchers did not violate Section 40A(3) due to the principal-agent relationship involved. As a result, the assessee's appeal was allowed, and the related Stay Application was dismissed. Case-Laws Income Tax Tue, 10 Jun 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=249425