https://www.taxtmi.com/caselaws?id=413495 The tribunal upheld the decision to disallow Rs. 23,22,676 under Section 40A(3) of the Income Tax Act, 1961, finding that the assessee's practice of splitting payments to avoid the cash payment limit was deliberate and lacked a valid explanation. The tribunal concluded that the assessee's actions were an attempt to circumvent the law and did not qualify for any exceptions. The appeal was dismissed on 25/08/2021. en-us Wed, 25 Aug 2021 00:00:00 +0530 Wed, 13 Oct 2021 08:43:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=413495 The tribunal upheld the decision to disallow Rs. 23,22,676 under Section 40A(3) of the Income Tax Act, 1961, finding that the assessee's practice of splitting payments to avoid the cash payment limit was deliberate and lacked a valid explanation. The tribunal concluded that the assessee's actions were an attempt to circumvent the law and did not qualify for any exceptions. The appeal was dismissed on 25/08/2021. Case-Laws Income Tax Wed, 25 Aug 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=413495