https://www.taxtmi.com/caselaws?id=468148 Non-response by third-party suppliers to notices under section 133(6) does not, by itself, justify treating purchases as unverifiable where books, banking trails, vouchers, stock records and confirmations otherwise support genuineness. Interest paid to related parties is not disallowable under section 40A(2)(b) absent material showing it exceeds fair market value. Section 40A(3) does not apply to cash payments falling within recognised exceptions, including non-deducted capital expenditure items, payments to sellers without bank accounts, small labour payments through contractors, employee welfare , and reimbursable amounts below the limit. No disallowance under section 40(a)(i) arises for commission to non-resident agents or overseas trade-fair charges where the income is not chargeable in India and no withholding obligation arises. en-us Mon, 03 Feb 2025 00:00:00 +0530 Fri, 17 Apr 2026 22:39:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=468148 Non-response by third-party suppliers to notices under section 133(6) does not, by itself, justify treating purchases as unverifiable where books, banking trails, vouchers, stock records and confirmations otherwise support genuineness. Interest paid to related parties is not disallowable under section 40A(2)(b) absent material showing it exceeds fair market value. Section 40A(3) does not apply to cash payments falling within recognised exceptions, including non-deducted capital expenditure items, payments to sellers without bank accounts, small labour payments through contractors, employee welfare , and reimbursable amounts below the limit. No disallowance under section 40(a)(i) arises for commission to non-resident agents or overseas trade-fair charges where the income is not chargeable in India and no withholding obligation arises. Case-Laws Income Tax Mon, 03 Feb 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=468148