271E of the Income Tax Act, 1961; in short ‘the Act’. Heard both the parties. Case files perused 2. We come to assessee’s appeal ITA No. 309/Ran/2016. Its first substantive ground challenges correctness of both the lower authorities’ action invoking sec.40A(3) disallowance of Rs.69.91 lac regarding purchases and other transaction with eight payees. We notice from