https://www.taxtmi.com/caselaws?id=402763 The appeal challenged the rejection of the assessment order under the incorrect section, reliance on seized material without nexus, disallowance of interest payment without proper evidence, disallowance of additional payments, disallowance under section 40A(3) without a claim, and the legality of orders passed by lower authorities. The Tribunal found in favor of the appellant, ruling that the disallowance under section 40A(3) was unjustified as the expenses were reimbursed and not claimed in the accounts. The appeal was allowed, and the disallowance was ordered to be deleted. en-us Tue, 10 Nov 2020 00:00:00 +0530 Tue, 12 Jan 2021 13:32:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=402763 The appeal challenged the rejection of the assessment order under the incorrect section, reliance on seized material without nexus, disallowance of interest payment without proper evidence, disallowance of additional payments, disallowance under section 40A(3) without a claim, and the legality of orders passed by lower authorities. The Tribunal found in favor of the appellant, ruling that the disallowance under section 40A(3) was unjustified as the expenses were reimbursed and not claimed in the accounts. The appeal was allowed, and the disallowance was ordered to be deleted. Case-Laws Income Tax Tue, 10 Nov 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=402763