https://www.taxtmi.com/caselaws?id=282592 The Appellate Tribunal ITAT Ahmedabad dismissed the Revenue's appeal challenging the deletion of the addition for cash payment of legal fees under section 40A(3) of the Income Tax Act. The Tribunal considered the low tax effect involved in the case and the Circular issued by the Central Board of Direct Taxes, directing the withdrawal or non-pressing of certain appeals. Based on this, the Tribunal concluded that the appeal should be dismissed, emphasizing the retrospective effect of the circular. The matter was concluded on 11-05-2018 with the order pronounced in open court. en-us Fri, 11 May 2018 00:00:00 +0530 Wed, 14 Aug 2019 06:53:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=282592 The Appellate Tribunal ITAT Ahmedabad dismissed the Revenue's appeal challenging the deletion of the addition for cash payment of legal fees under section 40A(3) of the Income Tax Act. The Tribunal considered the low tax effect involved in the case and the Circular issued by the Central Board of Direct Taxes, directing the withdrawal or non-pressing of certain appeals. Based on this, the Tribunal concluded that the appeal should be dismissed, emphasizing the retrospective effect of the circular. The matter was concluded on 11-05-2018 with the order pronounced in open court. Case-Laws Income Tax Fri, 11 May 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=282592