https://www.taxtmi.com/caselaws?id=360436 The Tribunal upheld the CIT(A)'s decision to delete an addition of Rs. 39,20,000 made under section 40A(3) of the Income-tax Act, 1961. The case involved a dispute over cash payments allegedly made to sellers against their consent by an assessee engaged in real estate development. The Tribunal found that payments were genuine and made through bearer cheques, not warranting the application of section 40A(3). Consequently, the Tribunal dismissed the Revenue's appeal, affirming the deletion of the addition in question. en-us Tue, 24 Apr 2018 00:00:00 +0530 Thu, 17 May 2018 05:55:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=360436 The Tribunal upheld the CIT(A)'s decision to delete an addition of Rs. 39,20,000 made under section 40A(3) of the Income-tax Act, 1961. The case involved a dispute over cash payments allegedly made to sellers against their consent by an assessee engaged in real estate development. The Tribunal found that payments were genuine and made through bearer cheques, not warranting the application of section 40A(3). Consequently, the Tribunal dismissed the Revenue's appeal, affirming the deletion of the addition in question. Case-Laws Income Tax Tue, 24 Apr 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=360436