https://www.taxtmi.com/caselaws?id=290609 The Tribunal allowed the appeal of the assessee, ruling that no violation of Section 40A(3) of the Income Tax Act occurred in the instances highlighted by the Assessing Officer. The Tribunal emphasized the necessity of specific findings for disallowance under Section 40A(3) and overturned the arbitrary estimate made by the Commissioner of Income Tax (Appeals), directing the deletion of the sustained addition. en-us Fri, 29 May 2015 00:00:00 +0530 Tue, 06 Oct 2020 18:27:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=290609 The Tribunal allowed the appeal of the assessee, ruling that no violation of Section 40A(3) of the Income Tax Act occurred in the instances highlighted by the Assessing Officer. The Tribunal emphasized the necessity of specific findings for disallowance under Section 40A(3) and overturned the arbitrary estimate made by the Commissioner of Income Tax (Appeals), directing the deletion of the sustained addition. Case-Laws Income Tax Fri, 29 May 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=290609