https://www.taxtmi.com/caselaws?id=175188 The HC dismissed the Revenue's appeal against the Tribunal's decision to delete an addition made under section 40A(3) of the Income Tax Act, 1961. The Tribunal upheld the CIT(A)'s decision to delete the disallowance, citing the nature of the business and lack of evidence. The HC found no substantial question of law, agreeing with the Tribunal's reasoning that no disallowance was warranted as no deduction was claimed on purchases. The Revenue failed to present contrary judgments or compelling reasons, leading to the rejection of the appeal. en-us Wed, 11 Jul 2007 00:00:00 +0530 Tue, 16 Jan 2024 17:28:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=175188 The HC dismissed the Revenue's appeal against the Tribunal's decision to delete an addition made under section 40A(3) of the Income Tax Act, 1961. The Tribunal upheld the CIT(A)'s decision to delete the disallowance, citing the nature of the business and lack of evidence. The HC found no substantial question of law, agreeing with the Tribunal's reasoning that no disallowance was warranted as no deduction was claimed on purchases. The Revenue failed to present contrary judgments or compelling reasons, leading to the rejection of the appeal. Case-Laws Income Tax Wed, 11 Jul 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=175188