https://www.taxtmi.com/caselaws?id=417186 The Tribunal ruled in favor of the assessee, allowing the appeal against the CIT(A)'s decision regarding the disallowance under section 40A(3) of the Act. The Tribunal found that the disallowance was not applicable in this case as the cash expenditure was part of the closing stock and not claimed as a deduction, thus not warranting disallowance under section 40A(3). en-us Tue, 11 Jan 2022 00:00:00 +0530 Mon, 17 Jan 2022 08:58:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=417186 The Tribunal ruled in favor of the assessee, allowing the appeal against the CIT(A)'s decision regarding the disallowance under section 40A(3) of the Act. The Tribunal found that the disallowance was not applicable in this case as the cash expenditure was part of the closing stock and not claimed as a deduction, thus not warranting disallowance under section 40A(3). Case-Laws Income Tax Tue, 11 Jan 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=417186