https://www.taxtmi.com/caselaws?id=346549 The appeal on deduction u/s 80IA was allowed due to substantial compliance with procedural requirements. The disallowance u/s 40A(3) for cash payments exceeding the limit was upheld as payments to truck drivers were considered payments to the transport agency. The disallowance u/s 14A was corrected to Rs. 1,487. The valuation of defective stock was remanded for re-examination to establish a consistent and factual basis. The order partially allowed the assessee's appeal and allowed the revenue's appeal for statistical purposes. en-us Wed, 09 Aug 2017 00:00:00 +0530 Fri, 18 Aug 2017 08:41:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=346549 The appeal on deduction u/s 80IA was allowed due to substantial compliance with procedural requirements. The disallowance u/s 40A(3) for cash payments exceeding the limit was upheld as payments to truck drivers were considered payments to the transport agency. The disallowance u/s 14A was corrected to Rs. 1,487. The valuation of defective stock was remanded for re-examination to establish a consistent and factual basis. The order partially allowed the assessee's appeal and allowed the revenue's appeal for statistical purposes. Case-Laws Income Tax Wed, 09 Aug 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=346549