https://www.taxtmi.com/caselaws?id=468573 Section 40(a)(ia) disallowance required fresh verification of whether the payee had included the payment in its return and paid tax, so the matter was remanded for factual examination and the disallowance would fall if the statutory conditions were met. Section 68 additions for share capital and unsecured loans were unsustainable because the assessee had produced confirmations, PAN, bank statements, audited accounts and replies to notices, thereby discharging the initial burden on identity, creditworthiness and genuineness; the additions were therefore deleted. An ad hoc expenditure disallowance based on self-made vouchers was also unsustainable because the books of account had not been rejected, and the deletion was upheld. en-us Wed, 19 Jun 2019 00:00:00 +0530 Wed, 13 May 2026 20:58:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=468573 Section 40(a)(ia) disallowance required fresh verification of whether the payee had included the payment in its return and paid tax, so the matter was remanded for factual examination and the disallowance would fall if the statutory conditions were met. Section 68 additions for share capital and unsecured loans were unsustainable because the assessee had produced confirmations, PAN, bank statements, audited accounts and replies to notices, thereby discharging the initial burden on identity, creditworthiness and genuineness; the additions were therefore deleted. An ad hoc expenditure disallowance based on self-made vouchers was also unsustainable because the books of account had not been rejected, and the deletion was upheld. Case-Laws Income Tax Wed, 19 Jun 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=468573