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Income Tax - Highlights / Catch Notes

Home Highlights September 2018 Year 2018 This

Disallowance of electricity payment paid in cash to Jodhpur ...


Cash Payments for Electricity to Jodhpur Vidyut Vitran Allowed Under Income Tax Act's Section 40A(3) Due to Business Necessity.

September 14, 2018

Case Laws     Income Tax     AT

Disallowance of electricity payment paid in cash to Jodhpur Vidyut Vitran Nigam Limited u/s 40A(3) - there was business expediency of making cash payments so that there is no disruption in supply of electricity required to operate the MRI and CT scan machines. - being a case of genuine business transaction and test of business expediency been satisfied.

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