https://www.taxtmi.com/caselaws?id=385953 The Tribunal allowed the assessee's appeal, setting aside the lower authorities' decision to sustain the addition of Rs. 3,70,11,381 under section 40A(3) of the Income Tax Act. The Tribunal held that the genuineness of the payment and the identity of the payee were established, similar to precedents cited. Consequently, the addition was deleted, and the appeal was allowed on 31-07-2019. en-us Wed, 31 Jul 2019 00:00:00 +0530 Wed, 18 Sep 2019 09:52:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=385953 The Tribunal allowed the assessee's appeal, setting aside the lower authorities' decision to sustain the addition of Rs. 3,70,11,381 under section 40A(3) of the Income Tax Act. The Tribunal held that the genuineness of the payment and the identity of the payee were established, similar to precedents cited. Consequently, the addition was deleted, and the appeal was allowed on 31-07-2019. Case-Laws Income Tax Wed, 31 Jul 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=385953