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Income Tax - Highlights / Catch Notes

Home Highlights July 2014 Year 2014 This

Addition u/s 40A(3) - Payment not made in cash but paid to third ...


Tribunal Rules AO's Use of Section 40A(3) Unjustified: No Cash Payments Exceeded Legal Limits for Supplier Transactions.

July 10, 2014

Case Laws     Income Tax     AT

Addition u/s 40A(3) - Payment not made in cash but paid to third parties on behalf of supplier of goods – AO was not justified in invoking the section 40A(3) - AT

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