Explaining source of cash payment not a valid ground for not invoking disallowance u/s 40A(3) - ITAT In a recent…
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…
Disallowance u/s 40A(3) of payment of partners salary in cash. ITAT remands the case in view of Supreme Court judgment…
Disallowance u/s 40A(3) for cash payment to agents for onward disbursement towards various expenses set aside. ITAT remands case for…
Disallowance 40A3-two proprietorship concerns of same assessee. In the absence of alleged tax evasion, additions for cash purchases not warranted-ITAT…
Disallowance u/s 40A(3) for cash payments cannot be made if genuineness not doubted - ITAT INCOME TAX APPELLATE TRIBUNAL AMRITSAR…