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TMI Blog40A(3) paymentsX X X X Extracts X X X X X X X X Extracts X X X X ..... Sir, My client is a trader is APMC yard and he buys food grains from agriculturists and sells the same to different dealers. The goods will be sent to other states in the country. In the entire year on 7 occasions he has made payments in excess of Rs.20,000/- by way cash to truck drivers to transport the goods. The same amount is mentioned in the sale bills and the money is recovered from the buy ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ers. In the books of accounts freight charges are debited and parties accounts are credited as freight charges. While concluding the assessment the assessing officer has made an addition of Rs.1,27,000/- u/s. 40A(3) stating that as the payments are made by cash the expenses are disallowed. Sufficient proof was produced at the time of hearing still it was not accepted. Now I have filed an appea ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... l and I have quoted Allahabad HC. CIT Vs. Rajs Pal Automobiles (2009 (6) TMI 565 - ALLAHABAD HIGH COURT). I request you to through some more light on this issue. Regards. - Reply By Surender Gupta - The Reply = In addition you may visit this case: G.A. Road Carriers Versus Income-tax Officer, Ward-I, Nizamabad ( 2010 -TMI - 203699 - ITAT, HYDERABAD) This case is a landmard decisio ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... n and may help you a lot. - 40A(3) payments - Query Started By: - LAKSHMISH IYENGAR Dated:- 27-12-2010 Income Tax - Got 1 Reply - Income Tax - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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