https://www.taxtmi.com/caselaws?id=184920 The Tribunal upheld the decisions of ld. CIT(A) regarding the additions made u/s 40(a)(ia) and u/s 40A(3) of the Income Tax Act. The deletion of the addition under u/s 40(a)(ia) for non-compliance with TDS provisions was upheld, citing the retrospective nature of the relevant amendment. Similarly, the addition under u/s 40A(3) for cash payments exceeding Rs. 20,000 on single days was deleted based on the appellant's explanation and established payment practices. The Tribunal dismissed the Revenue's appeal in both instances. en-us Fri, 23 Nov 2012 00:00:00 +0530 Mon, 25 Jul 2016 12:08:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=184920 The Tribunal upheld the decisions of ld. CIT(A) regarding the additions made u/s 40(a)(ia) and u/s 40A(3) of the Income Tax Act. The deletion of the addition under u/s 40(a)(ia) for non-compliance with TDS provisions was upheld, citing the retrospective nature of the relevant amendment. Similarly, the addition under u/s 40A(3) for cash payments exceeding Rs. 20,000 on single days was deleted based on the appellant's explanation and established payment practices. The Tribunal dismissed the Revenue's appeal in both instances. Case-Laws Income Tax Fri, 23 Nov 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=184920