Disallowance made by AO u/s.40A(3)- The assessee has declared ...

Assessing Officer Disallows Cash Expenses u/s 40A(3), No Extra Profit Added to Taxable Income Due to High Net Profit.

February 2, 2017

Case Laws Income Tax AT

Disallowance made by AO u/s.40A(3)- The assessee has declared more than 10% of net profit of its gross turn over, therefore, there is no justification for coming to the conclusion that by purchasing in cash, assessee has earned extra profit - No additions - AT

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Disallowance made by AO u/s.40A(3)- The assessee has declared ...

Assessing Officer Disallows Cash Expenses u/s 40A(3), No Extra Profit Added to Taxable Income Due to High Net Profit.

February 2, 2017

Case Laws Income Tax AT

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