https://www.taxtmi.com/caselaws?id=263159 The ITAT Jaipur dismissed the revenue's appeal against the deletion of an addition under Section 40A(3) for A.Y. 2009-10. The court upheld the CIT(A)'s decision that the book entries related to incentives were not cash payments but were routed through credit and debit notes as part of the distributor's policy. The transactions did not breach the cash payment limit per person per day, and the absence of evidence supporting the revenue's claims led to the ruling in favor of the assessee. en-us Fri, 13 Feb 2015 00:00:00 +0530 Fri, 28 Aug 2015 07:48:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=263159 The ITAT Jaipur dismissed the revenue's appeal against the deletion of an addition under Section 40A(3) for A.Y. 2009-10. The court upheld the CIT(A)'s decision that the book entries related to incentives were not cash payments but were routed through credit and debit notes as part of the distributor's policy. The transactions did not breach the cash payment limit per person per day, and the absence of evidence supporting the revenue's claims led to the ruling in favor of the assessee. Case-Laws Income Tax Fri, 13 Feb 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=263159