https://www.taxtmi.com/caselaws?id=2403 The court upheld the Income-tax Appellate Tribunal's decision to add an amount to the appellant-assessee's income for the assessment year 1992-93 due to cash payments exceeding Rs. 10,000 made to contractors, in accordance with Section 40A(3) of the Income-tax Act. The court dismissed the appeal, emphasizing the necessity of adhering to statutory provisions and justifying payment modes in line with legal requirements, thus affirming the addition of income and the importance of preventing the circumvention of tax laws. en-us Thu, 09 Aug 2007 00:00:00 +0530 Mon, 13 Jun 2011 18:19:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=2403 The court upheld the Income-tax Appellate Tribunal's decision to add an amount to the appellant-assessee's income for the assessment year 1992-93 due to cash payments exceeding Rs. 10,000 made to contractors, in accordance with Section 40A(3) of the Income-tax Act. The court dismissed the appeal, emphasizing the necessity of adhering to statutory provisions and justifying payment modes in line with legal requirements, thus affirming the addition of income and the importance of preventing the circumvention of tax laws. Case-Laws Income Tax Thu, 09 Aug 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=2403