Addition made u/s 40A(3) - payment through bearer cheques - ...

Section 40A(3) Not Invoked: Payments via Bearer Cheques Due to Seller Requests Deemed Justifiable in Case.

May 17, 2018

Case Laws Income Tax AT

Addition made u/s 40A(3) - payment through bearer cheques - payment made otherwise than by cheque or crossed cheque - since the entries in the bank statement reflects the names of two parties and also because of compelling circumstances of the sellers asking for such payment, then we hold that there is no merit in invoking provisions of section 40A(3) to such transactions - AT

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Addition made u/s 40A(3) - payment through bearer cheques - ...

Section 40A(3) Not Invoked: Payments via Bearer Cheques Due to Seller Requests Deemed Justifiable in Case.

May 17, 2018

Case Laws Income Tax AT

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