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2016 (8) TMI 48 - AT - Income TaxDisallowance made u/s. 40(a)(ia) in respect of expenditure on account of hiring of trucks - Held that:- The assessee has already paid the entire expenses and nothing was payable as on 31st March, 2010, therefore the provisions of section 40(a)(ia) cannot be applied. Disallowance made u/s. 40A(3) - Held that:- We find that the CIT(Appeals) has given the full details of the payment in the impugned order, which is more than the minimum limit of exemption provided under the provisions of section 40A(3). Therefore, in the absence of any contrary fact or material, we find no reason to interfere with the findings of fact given by the CIT(Appeals), wherein all the individual amounts were found to be more than the minimum prescribed limit of ₹ 20,000. There is no dispute that all these payments were made in cash. Therefore, the assessee has failed to substantiate its claim. Accordingly the order of the CIT(Appeals) qua this issue is upheld.
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