https://www.taxtmi.com/caselaws?id=332177 The Tribunal upheld the CIT(A)'s decision to partially disallow dehusking charges, reducing the claimed amount by 20% due to potential inflation in expenses. Regarding hamali, loading, and unloading charges, the Tribunal agreed with the CIT(A)'s 10% disallowance, citing concerns over self-made vouchers. Cash payments exceeding Rs. 20,000 were disputed under Section 40A(3), with the Tribunal ruling in favor of the assessee, emphasizing the genuine nature of purchases from farmers. Both the department's appeal and the assessee's cross-objection were dismissed, affirming the legitimacy of the assessee's business practices within legal boundaries. en-us Thu, 14 Jul 2016 00:00:00 +0530 Mon, 12 Sep 2016 17:37:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=332177 The Tribunal upheld the CIT(A)'s decision to partially disallow dehusking charges, reducing the claimed amount by 20% due to potential inflation in expenses. Regarding hamali, loading, and unloading charges, the Tribunal agreed with the CIT(A)'s 10% disallowance, citing concerns over self-made vouchers. Cash payments exceeding Rs. 20,000 were disputed under Section 40A(3), with the Tribunal ruling in favor of the assessee, emphasizing the genuine nature of purchases from farmers. Both the department's appeal and the assessee's cross-objection were dismissed, affirming the legitimacy of the assessee's business practices within legal boundaries. Case-Laws Income Tax Thu, 14 Jul 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=332177