https://www.taxtmi.com/caselaws?id=775765 The ITAT Delhi partially upheld the disallowance under section 40A(3), allowing cash payments for legal and professional expenses related to stamp paper purchase and an IMFL lorry accident, totaling Rs. 1,10,000 and Rs. 23,655. However, other expenses lacking supporting bills or justification, particularly travel expenses, were rightly disallowed. Regarding adjustments under section 115JB for MAT purposes due to disallowance under section 14A, the tribunal affirmed that no such adjustment is permissible in book profits, aligning with precedents from the Delhi HC and ITAT Special Bench. en-us Wed, 04 Jun 2025 00:00:00 +0530 Thu, 31 Jul 2025 08:17:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=775765 The ITAT Delhi partially upheld the disallowance under section 40A(3), allowing cash payments for legal and professional expenses related to stamp paper purchase and an IMFL lorry accident, totaling Rs. 1,10,000 and Rs. 23,655. However, other expenses lacking supporting bills or justification, particularly travel expenses, were rightly disallowed. Regarding adjustments under section 115JB for MAT purposes due to disallowance under section 14A, the tribunal affirmed that no such adjustment is permissible in book profits, aligning with precedents from the Delhi HC and ITAT Special Bench. Case-Laws Income Tax Wed, 04 Jun 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=775765