https://www.taxtmi.com/caselaws?id=334373 The Tribunal concluded that the expenses of Rs. 45,12,111/- for the abandoned project were rightly claimed as revenue expenditure. The addition was deleted as the project was abandoned during the relevant year. Regarding the cash payments issue under Section 40A(3), the Tribunal found business expediency and payee insistence justified the cash payments, leading to the deletion of the addition of Rs. 45,738/-. The appeal was allowed, and both additions made by lower authorities were deleted in the final judgment pronounced on 28/09/2016. en-us Wed, 28 Sep 2016 00:00:00 +0530 Fri, 11 Nov 2016 11:27:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=334373 The Tribunal concluded that the expenses of Rs. 45,12,111/- for the abandoned project were rightly claimed as revenue expenditure. The addition was deleted as the project was abandoned during the relevant year. Regarding the cash payments issue under Section 40A(3), the Tribunal found business expediency and payee insistence justified the cash payments, leading to the deletion of the addition of Rs. 45,738/-. The appeal was allowed, and both additions made by lower authorities were deleted in the final judgment pronounced on 28/09/2016. Case-Laws Income Tax Wed, 28 Sep 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=334373