https://www.taxtmi.com/caselaws?id=437975 The Appellate Tribunal ITAT DELHI upheld the order of the Ld. CIT(A), dismissing the appeal of the assessee regarding the interpretation of Section 40A(3) of the Income Tax Act, 1961 on payments made through bearer cheques. The judgment stressed the necessity of concrete evidence to support claims of business expediency and secure payment methods. The bench rejected the grounds raised by the assessee, emphasizing the importance of complying with the law's provisions and providing sufficient proof for exceptions to disallowance. en-us Wed, 26 Apr 2023 00:00:00 +0530 Fri, 19 May 2023 09:07:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=437975 The Appellate Tribunal ITAT DELHI upheld the order of the Ld. CIT(A), dismissing the appeal of the assessee regarding the interpretation of Section 40A(3) of the Income Tax Act, 1961 on payments made through bearer cheques. The judgment stressed the necessity of concrete evidence to support claims of business expediency and secure payment methods. The bench rejected the grounds raised by the assessee, emphasizing the importance of complying with the law's provisions and providing sufficient proof for exceptions to disallowance. Case-Laws Income Tax Wed, 26 Apr 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=437975