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2016 (3) TMI 1247 - ITAT AMRITSARDisallowing expenditure under section 40A(3) - bonus payable/paid to commission agents on the purchase of agricultural land - Held that:- In the present case, the genuineness of payment has not been doubted as Assessing Officer himself has held that sale deeds of properties were registered with the Revenue Department of Govt. Therefore, we find that the Hon’ble Punjab & Haryana High Court in the case of Gurdas Garg vs. CIT (2015 (8) TMI 569 - PUNJAB & HARYANA HIGH COURT ), under similar facts and circumstances has held that where the genuineness of payments is not disbelieved the disallowance u/s 40A(3) cannot be made - Decided in favour of assessee.
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