https://www.taxtmi.com/caselaws?id=346498 The Tribunal partly allowed the appeal, directing the AO to verify certain disallowances under Sections 40(a)(ia) and 40A(3) related to tax deductions and cash payments. The disallowance under Section 40(a)(ia) for interest payments to certain companies was confirmed, while the matter regarding legal expenses was sent back for verification. The disallowance under Section 40A(3) for cash payments exceeding the limit was also sent back for further examination. The disallowance of 5% of total expenses claimed was reduced to 5% due to lack of proper explanation, with certain expenses being excluded from the disallowance. en-us Fri, 07 Jul 2017 00:00:00 +0530 Thu, 17 Aug 2017 08:45:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=346498 The Tribunal partly allowed the appeal, directing the AO to verify certain disallowances under Sections 40(a)(ia) and 40A(3) related to tax deductions and cash payments. The disallowance under Section 40(a)(ia) for interest payments to certain companies was confirmed, while the matter regarding legal expenses was sent back for verification. The disallowance under Section 40A(3) for cash payments exceeding the limit was also sent back for further examination. The disallowance of 5% of total expenses claimed was reduced to 5% due to lack of proper explanation, with certain expenses being excluded from the disallowance. Case-Laws Income Tax Fri, 07 Jul 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=346498