https://www.taxtmi.com/caselaws?id=359496 Employee-related cash or bearer cheque payments required factual verification to determine whether they were genuinely made for business expenditure and were outside the mischief of section 40A(3), so that issue was remanded. Disallowance under section 40(a)(ia) could not be sustained where the assessee was not treated as an assessee in default under section 201(1), because the second proviso to section 40(a)(ia) was treated as declaratory and retrospective; that relief was granted in principle. Disallowance under section 43B for statutory dues also required verification of whether the amounts had actually been debited to the profit and loss account, and that issue was remanded. en-us Fri, 27 Apr 2018 00:00:00 +0530 Tue, 01 May 2018 06:25:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=359496 Employee-related cash or bearer cheque payments required factual verification to determine whether they were genuinely made for business expenditure and were outside the mischief of section 40A(3), so that issue was remanded. Disallowance under section 40(a)(ia) could not be sustained where the assessee was not treated as an assessee in default under section 201(1), because the second proviso to section 40(a)(ia) was treated as declaratory and retrospective; that relief was granted in principle. Disallowance under section 43B for statutory dues also required verification of whether the amounts had actually been debited to the profit and loss account, and that issue was remanded. Case-Laws Income Tax Fri, 27 Apr 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=359496