https://www.taxtmi.com/caselaws?id=173006 The High Court disagreed with the Tribunal's decision to cancel the disallowance under Section 40A(3) of the Income Tax Act for cash payments exceeding Rs. 20,000 in a case involving transactions related to SIM cards and recharge coupons. The High Court remanded the matter back to the Tribunal for a fresh decision based on alternative grounds raised by the respondent, directing the Tribunal to consider documents like Form 16A and give both parties an opportunity to present their case afresh. Pending the Tribunal's decision, no recovery should be made. en-us Tue, 06 Mar 2012 00:00:00 +0530 Mon, 07 Sep 2015 12:18:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=173006 The High Court disagreed with the Tribunal's decision to cancel the disallowance under Section 40A(3) of the Income Tax Act for cash payments exceeding Rs. 20,000 in a case involving transactions related to SIM cards and recharge coupons. The High Court remanded the matter back to the Tribunal for a fresh decision based on alternative grounds raised by the respondent, directing the Tribunal to consider documents like Form 16A and give both parties an opportunity to present their case afresh. Pending the Tribunal's decision, no recovery should be made. Case-Laws Income Tax Tue, 06 Mar 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=173006