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Income Tax - Highlights / Catch Notes

Home Highlights November 2019 Year 2019 This

Income from other sources - Addition u/s 40A(3) - cash payment ...


Cash Payments Over Threshold: Section 40A(3) Addition Valid Despite No Section 58 Reference by Assessing Officer.

November 12, 2019

Case Laws     Income Tax     AT

Income from other sources - Addition u/s 40A(3) - cash payment exceeding prescribed threshold - mere omission of reference to section 58 by the AO would not render the addition so made by the Assessing Officer untenable in law

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