https://www.taxtmi.com/caselaws?id=288406 The Tribunal allowed the appeal, reversing the disallowance under section 69C and upholding the disallowance under section 40A(3) of the Income Tax Act. The Tribunal found that the disallowance under section 69C was not warranted as the issue was limited to the violation of section 40A(3) only. The Commissioner's directions were specific to disallowing payments under section 40A(3), and the Assessing Officer acted accordingly. The Tribunal reversed the CIT(A)'s finding on disallowance under section 69C, ultimately ruling in favor of the assessee. en-us Thu, 23 Aug 2018 00:00:00 +0530 Fri, 05 Jun 2020 09:02:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=288406 The Tribunal allowed the appeal, reversing the disallowance under section 69C and upholding the disallowance under section 40A(3) of the Income Tax Act. The Tribunal found that the disallowance under section 69C was not warranted as the issue was limited to the violation of section 40A(3) only. The Commissioner's directions were specific to disallowing payments under section 40A(3), and the Assessing Officer acted accordingly. The Tribunal reversed the CIT(A)'s finding on disallowance under section 69C, ultimately ruling in favor of the assessee. Case-Laws Income Tax Thu, 23 Aug 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=288406