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Income Tax - Highlights / Catch Notes

Home Highlights November 2015 Year 2015 This

Addition u/s 40A(3) - direct despot of cash in the bank account ...


Income Tax Act Sec 40A(3): Cash Deposits to Supplier's Account Challenged, Additions Deleted Based on Supplier's Ledger Evidence.

November 24, 2015

Case Laws     Income Tax     AT

Addition u/s 40A(3) - direct despot of cash in the bank account of the supplier - supplier acknowledged credited the said cash receipts in the ledger account of the assessee - ledger account has been obtained by the AO u/s 133(6) directly from the concerned supplier - Additions deleted - AT

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