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Income Tax - Highlights / Catch Notes

Home Highlights December 2018 Year 2018 This

Addition u/s 40A(3) - cash payment for freight charges paid to ...


Section 40A(3) Income Tax Act: Cash payments for freight charges allowed if transaction genuineness is undisputed.

December 17, 2018

Case Laws     Income Tax     AT

Addition u/s 40A(3) - cash payment for freight charges paid to clearing and forwarding against for clearing our goods for exports - disallowances u/s 40A(3), cannot be made if the genuineness of the transaction has not been doubted by the authorities below

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