https://www.taxtmi.com/caselaws?id=330687 The Appellate Tribunal ITAT Kolkata partially allowed the assessee's appeal, directing the allowance of disallowed cash payments under Section 40A(3) while upholding the disallowance of the drawings. The Tribunal noted the genuineness of the payments and referenced precedents allowing deductions for genuine transactions with cash payments. The judgment was pronounced on 15/07/2016. en-us Fri, 15 Jul 2016 00:00:00 +0530 Wed, 03 Aug 2016 11:07:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=330687 The Appellate Tribunal ITAT Kolkata partially allowed the assessee's appeal, directing the allowance of disallowed cash payments under Section 40A(3) while upholding the disallowance of the drawings. The Tribunal noted the genuineness of the payments and referenced precedents allowing deductions for genuine transactions with cash payments. The judgment was pronounced on 15/07/2016. Case-Laws Income Tax Fri, 15 Jul 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=330687