https://www.taxtmi.com/caselaws?id=271692 The Tribunal upheld the CIT(A)'s decision to delete the disallowance under Section 40A(3) of the Income Tax Act, stating that payments were made to individual drivers and not in violation of the section. The addition of unexplained cash credits under Section 68 was deleted as the source of funds was satisfactorily explained. The disallowance under Section 40(a)(ia) for non-deduction of tax at source was overturned in favor of the Assessee, following the principle favoring the taxpayer in case of conflicting interpretations. The adhoc disallowance of truck hire charges was upheld due to unsigned vouchers, with the Tribunal dismissing the Revenue's appeal and partly allowing the Assessee's cross-objection. en-us Fri, 08 Jan 2016 00:00:00 +0530 Tue, 09 Feb 2016 12:31:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=271692 The Tribunal upheld the CIT(A)'s decision to delete the disallowance under Section 40A(3) of the Income Tax Act, stating that payments were made to individual drivers and not in violation of the section. The addition of unexplained cash credits under Section 68 was deleted as the source of funds was satisfactorily explained. The disallowance under Section 40(a)(ia) for non-deduction of tax at source was overturned in favor of the Assessee, following the principle favoring the taxpayer in case of conflicting interpretations. The adhoc disallowance of truck hire charges was upheld due to unsigned vouchers, with the Tribunal dismissing the Revenue's appeal and partly allowing the Assessee's cross-objection. Case-Laws Income Tax Fri, 08 Jan 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=271692