https://www.taxtmi.com/caselaws?id=332192 The ITAT allowed the appeal, overturning the disallowance under Section 40A(3) of the Income Tax Act. The payments made in cash were deemed justified due to business expediency, meeting the exceptions under the provision. The decision emphasized the genuineness of transactions and the practical challenges faced by the assessee in adhering to prescribed payment methods, ultimately ruling in favor of the taxpayer. en-us Wed, 01 Jun 2016 00:00:00 +0530 Mon, 12 Sep 2016 16:37:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=332192 The ITAT allowed the appeal, overturning the disallowance under Section 40A(3) of the Income Tax Act. The payments made in cash were deemed justified due to business expediency, meeting the exceptions under the provision. The decision emphasized the genuineness of transactions and the practical challenges faced by the assessee in adhering to prescribed payment methods, ultimately ruling in favor of the taxpayer. Case-Laws Income Tax Wed, 01 Jun 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=332192