https://www.taxtmi.com/caselaws?id=426196 The Tribunal directed the Assessing Officer to verify if cash payments for air tickets and hotel expenses were made as an agent on behalf of customers, requiring reevaluation of the disallowance under section 40A(3) of the Income Tax Act. Verification was also ordered for cash payments for foreign currency purchases to settle hotel bills, potentially falling under the exception of Rule 6DD. The Tribunal recommended setting aside the assessment order due to the erroneous classification of the assessee as a principal instead of an agent in tour operations. The appeal was allowed for statistical purposes, with directions for reassessment based on the Tribunal's findings. en-us Wed, 13 Jul 2022 00:00:00 +0530 Wed, 10 Aug 2022 09:28:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=426196 The Tribunal directed the Assessing Officer to verify if cash payments for air tickets and hotel expenses were made as an agent on behalf of customers, requiring reevaluation of the disallowance under section 40A(3) of the Income Tax Act. Verification was also ordered for cash payments for foreign currency purchases to settle hotel bills, potentially falling under the exception of Rule 6DD. The Tribunal recommended setting aside the assessment order due to the erroneous classification of the assessee as a principal instead of an agent in tour operations. The appeal was allowed for statistical purposes, with directions for reassessment based on the Tribunal's findings. Case-Laws Income Tax Wed, 13 Jul 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=426196