https://www.taxtmi.com/caselaws?id=391810 The Tribunal allowed the assessee's appeal, directing the deletion of the disallowance of Rs. 71,55,130/- under Section 40A(3) of the Income Tax Act. The Tribunal found that the payments made in cash to the state electricity distribution company were genuine, necessitated by practical difficulties, and met the test of business expediency. The decision emphasized the importance of genuine transactions and business expediency, concluding that the provisions of Section 40A(3) were not violated in this case. en-us Tue, 28 Jan 2020 00:00:00 +0530 Fri, 07 Feb 2020 11:15:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=391810 The Tribunal allowed the assessee's appeal, directing the deletion of the disallowance of Rs. 71,55,130/- under Section 40A(3) of the Income Tax Act. The Tribunal found that the payments made in cash to the state electricity distribution company were genuine, necessitated by practical difficulties, and met the test of business expediency. The decision emphasized the importance of genuine transactions and business expediency, concluding that the provisions of Section 40A(3) were not violated in this case. Case-Laws Income Tax Tue, 28 Jan 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=391810