https://www.taxtmi.com/caselaws?id=259799 The Tribunal partially allowed the appeal by deleting the addition under Section 40A(3) of the Income-tax Act, 1961, while confirming the disallowance under Section 36(1)(iii). The Tribunal ruled in favor of the assessee regarding the cash payment made on a Sunday to honor an agreement, citing exceptions under Rule 6DD(j). However, the disallowance of proportionate interest for advances to a sister concern without charging interest was upheld based on established legal principles. The decision was announced on January 12, 2015. en-us Mon, 12 Jan 2015 00:00:00 +0530 Fri, 22 May 2015 15:04:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=259799 The Tribunal partially allowed the appeal by deleting the addition under Section 40A(3) of the Income-tax Act, 1961, while confirming the disallowance under Section 36(1)(iii). The Tribunal ruled in favor of the assessee regarding the cash payment made on a Sunday to honor an agreement, citing exceptions under Rule 6DD(j). However, the disallowance of proportionate interest for advances to a sister concern without charging interest was upheld based on established legal principles. The decision was announced on January 12, 2015. Case-Laws Income Tax Mon, 12 Jan 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=259799