https://www.taxtmi.com/caselaws?id=406468 The Tribunal partly allowed the appeal, deleting disallowances for coal purchases, freight payments, machinery repairs, and mobile phone purchase, while upholding the genuine and bona fide nature of the transactions. The decision emphasized the importance of business exigency and commercial expediency in evaluating cash payments under Section 40A(3). en-us Thu, 08 Apr 2021 00:00:00 +0530 Thu, 15 Apr 2021 08:06:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=406468 The Tribunal partly allowed the appeal, deleting disallowances for coal purchases, freight payments, machinery repairs, and mobile phone purchase, while upholding the genuine and bona fide nature of the transactions. The decision emphasized the importance of business exigency and commercial expediency in evaluating cash payments under Section 40A(3). Case-Laws Income Tax Thu, 08 Apr 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=406468