https://www.taxtmi.com/caselaws?id=194521 The Appellate Tribunal ITAT Kolkata allowed the appeals of the assessee for statistical purposes in a case concerning the disallowance of payments made through bearer cheques under Section 40A(3) of the IT Act, 1961. The Tribunal remanded the matter for fresh consideration, directing the segregation of cash withdrawals for day-to-day needs from the disallowance u/s 40A(3) due to the absence of a certificate relied upon by the assessee with the CIT(A). Compliance with relevant circulars and providing necessary documentation were highlighted as crucial aspects in the case. en-us Wed, 09 Mar 2011 00:00:00 +0530 Tue, 12 Sep 2017 15:33:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=194521 The Appellate Tribunal ITAT Kolkata allowed the appeals of the assessee for statistical purposes in a case concerning the disallowance of payments made through bearer cheques under Section 40A(3) of the IT Act, 1961. The Tribunal remanded the matter for fresh consideration, directing the segregation of cash withdrawals for day-to-day needs from the disallowance u/s 40A(3) due to the absence of a certificate relied upon by the assessee with the CIT(A). Compliance with relevant circulars and providing necessary documentation were highlighted as crucial aspects in the case. Case-Laws Income Tax Wed, 09 Mar 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=194521