https://www.taxtmi.com/caselaws?id=400217 The Tribunal condoned the delay in filing the appeal due to a change in management, admitted the additional ground challenging the disallowance under section 40A(3) as purely legal, and deleted the disallowance of cash payments for land purchases under section 40A(3). The Tribunal emphasized the genuineness of the transactions and the business exigencies necessitating cash payments, leading to the favorable outcome for the assessee. en-us Tue, 27 Oct 2020 00:00:00 +0530 Fri, 30 Oct 2020 10:12:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=400217 The Tribunal condoned the delay in filing the appeal due to a change in management, admitted the additional ground challenging the disallowance under section 40A(3) as purely legal, and deleted the disallowance of cash payments for land purchases under section 40A(3). The Tribunal emphasized the genuineness of the transactions and the business exigencies necessitating cash payments, leading to the favorable outcome for the assessee. Case-Laws Income Tax Tue, 27 Oct 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=400217