Disallowance u/s 40A(3) for bearer cheque Payments. CBDT 1977 Circular relied upon by assessee does not exits with amendment to…
Addition u/s 40A(3) deleted- CBDT can not impose new condition for grant of benefit which are not provided in Act…
Explaining source of cash payment not a valid ground for not invoking disallowance u/s 40A(3) - ITAT In a recent…
New allegation added in order passed u/s 148A(d) not present in show cause notice u/s 148A. High Court declines interference.…
Disallowance u/s 40A(3) for Cash Payments out of Business expediency deleted by ITAT following Supreme Court judgment ABCAUS Case Law…
Disallowance u/s 40A(3) for cash expenditure incurred in Foreign Country upheld. The Expression “rupee” in section 40A(3) means expenditure incurred…
Human probability is that truck drivers would insist for cash payment-ITAT deleted additions u/s 40A(3) for cash payments ABCAUS Case…
Disallowance 40A3 for cash payments by brick kiln quashed as payments made to truck drivers at night after banking hours…
No disallowance for cash payments u/s 40A(3) if genuineness of transactions and identity of the payee is established. ITAT deleted…
Merely making cash payments cannot be a ground for disallowance if section 40A(3) not violated or no defects were found…