https://www.taxtmi.com/caselaws?id=332184 The Tribunal allowed the assessee's appeal regarding the disallowance of expenses under Section 40A(3) of the Income Tax Act, reversing the decision due to genuine payments made out of disclosed income. On the issue of disallowance of interest payments under Section 40(a)(ia) for non-deduction of TDS, the Tribunal remanded the matter back to the CIT(A) for fresh consideration, emphasizing the need for evidence that the recipients had declared the interest income in their tax returns. en-us Thu, 09 Jun 2016 00:00:00 +0530 Mon, 12 Sep 2016 19:36:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=332184 The Tribunal allowed the assessee's appeal regarding the disallowance of expenses under Section 40A(3) of the Income Tax Act, reversing the decision due to genuine payments made out of disclosed income. On the issue of disallowance of interest payments under Section 40(a)(ia) for non-deduction of TDS, the Tribunal remanded the matter back to the CIT(A) for fresh consideration, emphasizing the need for evidence that the recipients had declared the interest income in their tax returns. Case-Laws Income Tax Thu, 09 Jun 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=332184