2012 (3) TMI 428

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....EPH, SC, FOR INCOME TAX, ADV. FOR THE RESPONDENT : SRI.K.SRIKUMAR, ADV., SRI.K.MANOJ CHANDRAN, ADV. JUDGMENT Ramachandran Nair, J. Heard Senior Counsel Sri. P.K.R. Menon appearing for appellant and Adv. Sri. K.Sreekumar appearing for respondent. The question raised in the Appeal is whether Tribunal is justified in cancelling disallowance made under Section 40A(3) of the Income Tax Act for pay....

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.... SIM Cards, Recharge coupons etc. purchased articles from BSNL and for the entire supplies BSNL has collected TDS and issued Form 16A to the distributors from whom respondent purchased the articles. Based on these documents, the contention raised by respondent is that the department's apprehension of evasion of tax in cash transactions does not apply in this case. The Senior counsel appearing ....