https://www.taxtmi.com/caselaws?id=57805 The Tribunal partially allowed the appeal, determining that the disallowance under section 40A(3) was unjustified as the payment was made directly to the bank account of the recipient, ensuring traceability. Interest charged under section 234B was deleted since the assessee's declared income was below the threshold for advance tax payment. However, interest under section 234A was upheld due to the late filing of the tax return. en-us Fri, 27 Aug 2004 00:00:00 +0530 Wed, 03 Jul 2024 18:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=57805 The Tribunal partially allowed the appeal, determining that the disallowance under section 40A(3) was unjustified as the payment was made directly to the bank account of the recipient, ensuring traceability. Interest charged under section 234B was deleted since the assessee's declared income was below the threshold for advance tax payment. However, interest under section 234A was upheld due to the late filing of the tax return. Case-Laws Income Tax Fri, 27 Aug 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=57805