https://www.taxtmi.com/caselaws?id=781330 ITAT allowed the appeal and deleted additions disallowing cash payments to subcontractors. The tribunal found the assessee, engaged in large tentage contracts, had deducted TDS, furnished PANs, ITRs and assessment details of subcontractors, and produced TDS certificates; cash settlements were customary in the unregulated trade. Given declared receipts and payments amounting to about 4% of turnover, the payments were held wholly and exclusively for business and thus allowable; mere cash settlement did not render them non-genuine. en-us Wed, 03 Sep 2025 00:00:00 +0530 Wed, 12 Nov 2025 14:11:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=781330 ITAT allowed the appeal and deleted additions disallowing cash payments to subcontractors. The tribunal found the assessee, engaged in large tentage contracts, had deducted TDS, furnished PANs, ITRs and assessment details of subcontractors, and produced TDS certificates; cash settlements were customary in the unregulated trade. Given declared receipts and payments amounting to about 4% of turnover, the payments were held wholly and exclusively for business and thus allowable; mere cash settlement did not render them non-genuine. Case-Laws Income Tax Wed, 03 Sep 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=781330