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![ITAT deletes Disallowance u/s. 40A(3) without appreciating Business expediency in payment towards Genuine Transaction [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/ITAT-business-expediency-payment-genuine-transaction-TAXSCAN.jpeg "ITAT deletes Disallowance u/s. 40A(3) without appreciating Business expediency in payment towards Genuine Transaction [Read Order]")
ITAT deletes Disallowance u/s. 40A(3) without appreciating Business expediency in payment towards Genuine Transaction [Read Order]
The Income Tax Appellate Tribunal (ITAT), Pune Bench held that disallowance u/s. 40A(3) of the Income Tax Act, 1961 without appreciating business...
![A Transaction cannot be treated as Genuine Merely because Transaction was by Payments through Cheque: Delhi HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/08/Cheque-Taxscan.jpg "A Transaction cannot be treated as Genuine Merely because Transaction was by Payments through Cheque: Delhi HC [Read Order]")