https://www.taxtmi.com/caselaws?id=18669 The Tribunal's decision to reject the application for reference to the High Court under section 256(2) of the Income-tax Act was deemed correct. The Tribunal upheld the deletion of an addition under section 40A(3) based on genuineness of payee and unavoidable circumstances for cash payment, in line with precedent. The issue of deductibility of capital subsidy was not addressed as the applicant withdrew the question. The Tribunal's factual findings did not raise any legal question, leading to the rejection of the reference application without costs. en-us Mon, 13 Nov 1995 00:00:00 +0530 Sat, 31 Oct 2009 12:30:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=18669 The Tribunal's decision to reject the application for reference to the High Court under section 256(2) of the Income-tax Act was deemed correct. The Tribunal upheld the deletion of an addition under section 40A(3) based on genuineness of payee and unavoidable circumstances for cash payment, in line with precedent. The issue of deductibility of capital subsidy was not addressed as the applicant withdrew the question. The Tribunal's factual findings did not raise any legal question, leading to the rejection of the reference application without costs. Case-Laws Income Tax Mon, 13 Nov 1995 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=18669