https://www.taxtmi.com/caselaws?id=193090 The Tribunal allowed all appeals, holding that Section 40A(3) of the Income Tax Act, 1961 did not apply as no expenses were claimed, and cash payments were justified by business exigency and genuine transactions. The Assessing Officer was directed to delete the disallowances for the relevant assessment years. en-us Wed, 30 Mar 2016 00:00:00 +0530 Thu, 13 Jul 2017 07:31:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=193090 The Tribunal allowed all appeals, holding that Section 40A(3) of the Income Tax Act, 1961 did not apply as no expenses were claimed, and cash payments were justified by business exigency and genuine transactions. The Assessing Officer was directed to delete the disallowances for the relevant assessment years. Case-Laws Income Tax Wed, 30 Mar 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=193090