https://www.taxtmi.com/caselaws?id=401386 The High Court upheld the Tribunal's decision in a case involving disallowance under Section 40A(3) of the Income Tax Act for cash payments made by the assessee to a company for raw material purchases. The Court directed the CIT (A) to pass a speaking order considering all aspects. Additionally, the Court upheld the CIT (A)'s decision on the application of Section 40(a)(ia) for service charges paid without TDS deduction, emphasizing the need for the assessee to establish a contractual relationship. The matter was remitted for fresh consideration by the CIT (A) in accordance with the law. en-us Tue, 01 Dec 2020 00:00:00 +0530 Sat, 30 Jan 2021 11:43:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=401386 The High Court upheld the Tribunal's decision in a case involving disallowance under Section 40A(3) of the Income Tax Act for cash payments made by the assessee to a company for raw material purchases. The Court directed the CIT (A) to pass a speaking order considering all aspects. Additionally, the Court upheld the CIT (A)'s decision on the application of Section 40(a)(ia) for service charges paid without TDS deduction, emphasizing the need for the assessee to establish a contractual relationship. The matter was remitted for fresh consideration by the CIT (A) in accordance with the law. Case-Laws Income Tax Tue, 01 Dec 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=401386