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Income Tax - Highlights / Catch Notes

Home Highlights November 2019 Year 2019 This

Addition u/s. 40A(3) - submission of the assessee that certain ...


Income Tax Act Section 40A(3): Assessee argues for deduction on cash payments made during non-banking hours for urgent hotel bookings.

November 4, 2019

Case Laws     Income Tax     AT

Addition u/s. 40A(3) - submission of the assessee that certain cash payments were made in non banking hours in the late evening and certain payments were made on a date when bank was closed and the hotel booking was urgently required - deduction to be allowed, subject to verification.

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