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Income Tax - Highlights / Catch Notes

Home Highlights June 2018 Year 2018 This

Disallowance u/s 40A - payment in case exceeding permissible ...


Court Rules Payment Exceeding Limits on Bank Holiday Justified u/s 40A(3) in Land Purchase Case.

June 28, 2018

Case Laws     Income Tax     AT

Disallowance u/s 40A - payment in case exceeding permissible limits - purchase of land from the farmers - payment was made on Sunday, when the banks were closed - disallowance made under section 40A(3) is not justified.

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