https://www.taxtmi.com/caselaws?id=436665 The Tribunal condoned the delay in filing the appeal due to medical reasons and admitted it for adjudication. Regarding the disallowance of cash payments under Section 40A(3) of the Income-tax Act, the Tribunal found the payments genuine, made under exceptional circumstances for business expediency, and acting on behalf of the distributor and producer. Relying on precedents emphasizing business expediency and genuine transactions, the Tribunal directed the Assessing Officer to delete the disallowance, thereby allowing the assessee's appeal. en-us Thu, 13 Apr 2023 00:00:00 +0530 Tue, 18 Apr 2023 08:41:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=436665 The Tribunal condoned the delay in filing the appeal due to medical reasons and admitted it for adjudication. Regarding the disallowance of cash payments under Section 40A(3) of the Income-tax Act, the Tribunal found the payments genuine, made under exceptional circumstances for business expediency, and acting on behalf of the distributor and producer. Relying on precedents emphasizing business expediency and genuine transactions, the Tribunal directed the Assessing Officer to delete the disallowance, thereby allowing the assessee's appeal. Case-Laws Income Tax Thu, 13 Apr 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=436665