https://www.taxtmi.com/caselaws?id=326523 The Revenue's appeal against the order of the Income-tax Appellate Tribunal, Patna Bench, Patna was dismissed. The Assessing Officer's disallowance of expenditures for the assessment year 2007-08 was overturned by the Commissioner of Income-tax (Appeals). The main issue revolved around the applicability of Section 40 A (3) of the Income Tax Act, 1961, concerning aggregate payments exceeding Rs. 20,000 to a person in a day. The Court found that for the relevant assessment year, the provision did not consider aggregating payments, and as no single payment exceeded Rs. 20,000, the Assessing Officer's action was unjustified. The appeal was dismissed as no substantial legal question arose. en-us Wed, 17 Feb 2016 00:00:00 +0530 Mon, 18 Apr 2016 08:14:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=326523 The Revenue's appeal against the order of the Income-tax Appellate Tribunal, Patna Bench, Patna was dismissed. The Assessing Officer's disallowance of expenditures for the assessment year 2007-08 was overturned by the Commissioner of Income-tax (Appeals). The main issue revolved around the applicability of Section 40 A (3) of the Income Tax Act, 1961, concerning aggregate payments exceeding Rs. 20,000 to a person in a day. The Court found that for the relevant assessment year, the provision did not consider aggregating payments, and as no single payment exceeded Rs. 20,000, the Assessing Officer's action was unjustified. The appeal was dismissed as no substantial legal question arose. Case-Laws Income Tax Wed, 17 Feb 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=326523