https://www.taxtmi.com/caselaws?id=308043 The appeal arose from disallowance under Sec. 40A(3) for cash payments exceeding the limit. The delay in filing was condoned due to the pandemic. The appellant, a textile firm, made payments to suppliers, resulting in disallowance. The CIT(A) deleted the disallowance for RTGS payments but upheld the rest. Upon review, it was found that payments were deposited into suppliers' accounts as requested. The genuineness was confirmed, leading to the deletion of the disallowance. The appeal was allowed, and the disallowance under Sec. 40A(3) was deleted based on documentary evidence. en-us Wed, 15 Jun 2022 00:00:00 +0530 Thu, 25 May 2023 22:14:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=308043 The appeal arose from disallowance under Sec. 40A(3) for cash payments exceeding the limit. The delay in filing was condoned due to the pandemic. The appellant, a textile firm, made payments to suppliers, resulting in disallowance. The CIT(A) deleted the disallowance for RTGS payments but upheld the rest. Upon review, it was found that payments were deposited into suppliers' accounts as requested. The genuineness was confirmed, leading to the deletion of the disallowance. The appeal was allowed, and the disallowance under Sec. 40A(3) was deleted based on documentary evidence. Case-Laws Income Tax Wed, 15 Jun 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=308043