https://www.taxtmi.com/caselaws?id=268319 The Tribunal partly allowed the appeal by deleting the addition of Rs. 62,06,269 under Section 40A(3) of the Income Tax Act, 1961. The disallowance under Section 40(a)(ia) was dismissed as not pressed. The Tribunal found the cash payments made by the assessee for purchasing poultry feeds to be genuine and directly deposited in the supplier's bank account, thus ruling that Section 40A(3) was not applicable in this case. en-us Wed, 07 Oct 2015 00:00:00 +0530 Sat, 05 Mar 2016 18:50:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=268319 The Tribunal partly allowed the appeal by deleting the addition of Rs. 62,06,269 under Section 40A(3) of the Income Tax Act, 1961. The disallowance under Section 40(a)(ia) was dismissed as not pressed. The Tribunal found the cash payments made by the assessee for purchasing poultry feeds to be genuine and directly deposited in the supplier's bank account, thus ruling that Section 40A(3) was not applicable in this case. Case-Laws Income Tax Wed, 07 Oct 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=268319