https://www.taxtmi.com/caselaws?id=283010 The ITAT Kolkata dismissed the Revenue's appeal, upholding the ld. CIT(A)'s decision regarding the inapplicability of section 40A(3) to the genuine transactions in question. The judgment emphasized the importance of proper documentation, banking channels, and tax compliance in commercial transactions to prevent tax evasion and ensure transparency. en-us Tue, 31 Jul 2018 00:00:00 +0530 Tue, 03 Sep 2019 17:50:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=283010 The ITAT Kolkata dismissed the Revenue's appeal, upholding the ld. CIT(A)'s decision regarding the inapplicability of section 40A(3) to the genuine transactions in question. The judgment emphasized the importance of proper documentation, banking channels, and tax compliance in commercial transactions to prevent tax evasion and ensure transparency. Case-Laws Income Tax Tue, 31 Jul 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=283010