https://www.taxtmi.com/caselaws?id=14046 The High Court upheld the disallowance of the deduction for obsolete stores written off and a payment made in violation of section 40A(3) of the Income-tax Act, 1961. The court found that insufficient details were provided regarding the obsolete items and the cash payment did not meet the compelling circumstances required by the law. Consequently, the court ruled in favor of the Revenue, affirming the disallowance of both claims made by the assessee. en-us Mon, 07 May 2001 00:00:00 +0530 Tue, 07 Jul 2009 18:24:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=14046 The High Court upheld the disallowance of the deduction for obsolete stores written off and a payment made in violation of section 40A(3) of the Income-tax Act, 1961. The court found that insufficient details were provided regarding the obsolete items and the cash payment did not meet the compelling circumstances required by the law. Consequently, the court ruled in favor of the Revenue, affirming the disallowance of both claims made by the assessee. Case-Laws Income Tax Mon, 07 May 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=14046