https://www.taxtmi.com/caselaws?id=259510 The appellant's appeal succeeded as the Tribunal ruled in their favor, stating that disallowance under Section 40A(3) was unwarranted since no deduction was claimed for the additional payments. The Tribunal allowed the appellant's appeal, deleting the disallowance and dismissing the Revenue's appeal. The judgment underscores the significance of claiming deductions for expenses to prevent disallowances and stresses the importance of proper documentation and accounting practices to support expenses and deductions under tax laws. en-us Fri, 02 Jan 2015 00:00:00 +0530 Tue, 12 May 2015 07:46:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=259510 The appellant's appeal succeeded as the Tribunal ruled in their favor, stating that disallowance under Section 40A(3) was unwarranted since no deduction was claimed for the additional payments. The Tribunal allowed the appellant's appeal, deleting the disallowance and dismissing the Revenue's appeal. The judgment underscores the significance of claiming deductions for expenses to prevent disallowances and stresses the importance of proper documentation and accounting practices to support expenses and deductions under tax laws. Case-Laws Income Tax Fri, 02 Jan 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=259510