https://www.taxtmi.com/caselaws?id=367041 The Tribunal allowed the appeal of the assessee, directing the deletion of the disallowances under both grounds. The disallowance of Rs. 12,31,292/- out of electricity payment under Section 40A(3) of the IT Act was overturned due to genuine transactions made under business expediency. Additionally, the disallowance of Rs. 15,000/- out of shop, freight, and labor expenses was also deleted, as the expenses were found to be reasonable and supported by vouchers. en-us Tue, 04 Sep 2018 00:00:00 +0530 Fri, 14 Sep 2018 07:47:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=367041 The Tribunal allowed the appeal of the assessee, directing the deletion of the disallowances under both grounds. The disallowance of Rs. 12,31,292/- out of electricity payment under Section 40A(3) of the IT Act was overturned due to genuine transactions made under business expediency. Additionally, the disallowance of Rs. 15,000/- out of shop, freight, and labor expenses was also deleted, as the expenses were found to be reasonable and supported by vouchers. Case-Laws Income Tax Tue, 04 Sep 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=367041