https://www.taxtmi.com/caselaws?id=342096 The Allahabad High Court ruled in favor of the appellant in a case involving the interpretation of cash payment limits under Section 40 A (3) of the Income Tax Act, 1961 for the assessment year 2001-2002. The court held that multiple cash payments exceeding Rs. 20,000 to a single party on the same day were allowable for deduction before the 2009 amendment. Additionally, the court allowed expenses on after-sale services and advertisement under Section 37 (1) of the Act, emphasizing a consistent approach in favor of the assessee in past assessments. The appeal was allowed in favor of the appellant on both issues. en-us Thu, 06 Apr 2017 00:00:00 +0530 Wed, 26 Apr 2017 07:09:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=342096 The Allahabad High Court ruled in favor of the appellant in a case involving the interpretation of cash payment limits under Section 40 A (3) of the Income Tax Act, 1961 for the assessment year 2001-2002. The court held that multiple cash payments exceeding Rs. 20,000 to a single party on the same day were allowable for deduction before the 2009 amendment. Additionally, the court allowed expenses on after-sale services and advertisement under Section 37 (1) of the Act, emphasizing a consistent approach in favor of the assessee in past assessments. The appeal was allowed in favor of the appellant on both issues. Case-Laws Income Tax Thu, 06 Apr 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=342096