https://www.taxtmi.com/caselaws?id=283251 The Appellate Tribunal upheld the deletion of an addition of Rs. 48,20,118 made under section 40A(2)(b) of the Income-tax Act for the assessment year 2011-12. The Tribunal ruled that the disallowance was related to income, not expenses, and therefore, the provisions of the section were not applicable. The appeal of the Revenue was dismissed, emphasizing the distinction between disallowance of expenses and income aspects, ultimately favoring the assessee. en-us Mon, 21 Nov 2016 00:00:00 +0530 Mon, 16 Sep 2019 11:16:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=283251 The Appellate Tribunal upheld the deletion of an addition of Rs. 48,20,118 made under section 40A(2)(b) of the Income-tax Act for the assessment year 2011-12. The Tribunal ruled that the disallowance was related to income, not expenses, and therefore, the provisions of the section were not applicable. The appeal of the Revenue was dismissed, emphasizing the distinction between disallowance of expenses and income aspects, ultimately favoring the assessee. Case-Laws Income Tax Mon, 21 Nov 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=283251