Addition of purchase expenses in cash u/s.40A(3) - the credit ...

Cash Purchase Expenses u/s 40A(3) Disallowed; Indirect Settlements Not Permissible by Law.

November 2, 2019

Case Laws Income Tax AT

Addition of purchase expenses in cash u/s.40A(3) - the credit balance of the parties were transferred to the partners account and partners in turn settled the claims of the parties in cash - what is not directly permitted cannot be indirectly permitted.

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Addition of purchase expenses in cash u/s.40A(3) - the credit ...

Cash Purchase Expenses u/s 40A(3) Disallowed; Indirect Settlements Not Permissible by Law.

November 2, 2019

Case Laws Income Tax AT

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