https://www.taxtmi.com/caselaws?id=327609 The Court concluded that the disallowance under Section 40A(3) of the Income Tax Act was not justified in this case. The Court found that the payments were genuine, the identity of the payees was established, and the transactions were conducted in a manner necessitated by business expediency. As a result, the appeal was allowed in favor of the assessee. en-us Thu, 07 Apr 2016 00:00:00 +0530 Sat, 14 May 2016 00:53:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=327609 The Court concluded that the disallowance under Section 40A(3) of the Income Tax Act was not justified in this case. The Court found that the payments were genuine, the identity of the payees was established, and the transactions were conducted in a manner necessitated by business expediency. As a result, the appeal was allowed in favor of the assessee. Case-Laws Income Tax Thu, 07 Apr 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=327609