https://www.taxtmi.com/caselaws?id=358876 The Tribunal confirmed the addition under section 40(a)(ia) for non-deduction of TDS on payments to NBFCs but remanded the matter for verification. Cash payments exceeding Rs. 20,000 were disallowed under section 40A(3), with the Tribunal remanding for re-examination. Expenditure for refundable deposits to BMC and MHADA was allowed as revenue expenditure. Loss incurred without maintaining a consumption register was accepted. Non-genuine purchases addition was deleted after admitting additional evidence. Ad-hoc disallowance for cash expenses was deleted. Payment to a charitable trust without TDS was disallowed, subject to verification. Deemed ALV for vacant flats held as stock in trade was upheld. en-us Mon, 09 Apr 2018 00:00:00 +0530 Fri, 20 Apr 2018 05:57:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=358876 The Tribunal confirmed the addition under section 40(a)(ia) for non-deduction of TDS on payments to NBFCs but remanded the matter for verification. Cash payments exceeding Rs. 20,000 were disallowed under section 40A(3), with the Tribunal remanding for re-examination. Expenditure for refundable deposits to BMC and MHADA was allowed as revenue expenditure. Loss incurred without maintaining a consumption register was accepted. Non-genuine purchases addition was deleted after admitting additional evidence. Ad-hoc disallowance for cash expenses was deleted. Payment to a charitable trust without TDS was disallowed, subject to verification. Deemed ALV for vacant flats held as stock in trade was upheld. Case-Laws Income Tax Mon, 09 Apr 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=358876