https://www.taxtmi.com/caselaws?id=360335 The Tribunal ruled in favor of the assessee, setting aside the ld. CIT(A)'s decision and deleting the addition under section 40A(3) of the Act. The Tribunal considered BSNL as a State entity under Article 12 of the Constitution, justifying the cash payments made for business expediency. Emphasizing the genuineness of the transactions and legal precedents, the Tribunal allowed the appeal, highlighting the validity of the cash payments in the specific circumstances. en-us Wed, 21 Feb 2018 00:00:00 +0530 Tue, 15 May 2018 09:08:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=360335 The Tribunal ruled in favor of the assessee, setting aside the ld. CIT(A)'s decision and deleting the addition under section 40A(3) of the Act. The Tribunal considered BSNL as a State entity under Article 12 of the Constitution, justifying the cash payments made for business expediency. Emphasizing the genuineness of the transactions and legal precedents, the Tribunal allowed the appeal, highlighting the validity of the cash payments in the specific circumstances. Case-Laws Income Tax Wed, 21 Feb 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=360335