Disallowance u/s 40A(3) - cash payments of expenditures - poor ...

Court Upholds 5% Disallowance u/s 40A(3) for Cash Payments Due to Poor Market Creditability, Despite Genuine Expenses.

September 23, 2019

Case Laws Income Tax AT

Disallowance u/s 40A(3) - cash payments of expenditures - poor creditability in the market - genuineness of such expenditure is not in dispute - AO directed to sustain disallowance u/s 40A(3) to the extent of 5% of the alleged amount.AO to sustain disallowance u/s 40A(3) to the extent of 5% of the alleged amount.

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Disallowance u/s 40A(3) - cash payments of expenditures - poor ...

Court Upholds 5% Disallowance u/s 40A(3) for Cash Payments Due to Poor Market Creditability, Despite Genuine Expenses.

September 23, 2019

Case Laws Income Tax AT

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