https://www.taxtmi.com/caselaws?id=350641 The High Court upheld the Tribunal's decision, ruling that Section 40A(3) of the Income Tax Act was not applicable as the assessee had not claimed any expenditure for the purchase of land. The Court recognized the genuine nature of transactions and practical difficulties faced by the assessee in making cash payments in villages without banking facilities. The appeal was dismissed, and the decision favored the assessee. en-us Mon, 11 Sep 2017 00:00:00 +0530 Wed, 08 Nov 2017 14:22:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=350641 The High Court upheld the Tribunal's decision, ruling that Section 40A(3) of the Income Tax Act was not applicable as the assessee had not claimed any expenditure for the purchase of land. The Court recognized the genuine nature of transactions and practical difficulties faced by the assessee in making cash payments in villages without banking facilities. The appeal was dismissed, and the decision favored the assessee. Case-Laws Income Tax Mon, 11 Sep 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=350641