https://www.taxtmi.com/caselaws?id=385917 The tribunal allowed the assessee's appeal, ruling that the disallowance of Rs. 49,43,544/- under Section 40A(3) of the Income Tax Act was not justified. The tribunal found the payments to be genuine and made due to business exigencies, citing the agreement between the parties and previous judgments. Consequently, the disallowance was deleted, providing relief to the assessee. en-us Fri, 13 Sep 2019 00:00:00 +0530 Wed, 18 Sep 2019 07:18:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=385917 The tribunal allowed the assessee's appeal, ruling that the disallowance of Rs. 49,43,544/- under Section 40A(3) of the Income Tax Act was not justified. The tribunal found the payments to be genuine and made due to business exigencies, citing the agreement between the parties and previous judgments. Consequently, the disallowance was deleted, providing relief to the assessee. Case-Laws Income Tax Fri, 13 Sep 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=385917