Disallowance u/s 40A(3) - cash payment made by the assessee for ...

Case Laws Income Tax

January 20, 2021

Disallowance u/s 40A(3) - cash payment made by the assessee for purchase of land - issue of disallowance of expenses does not arise as the amount paid for purchase of land is neither debited to the Profit & loss a/c nor claimed as expenditure in the Computation of taxable income as the assesses have got reimbursements of the amounts paid for purchase of land on assignment of development rights in land purchased by assesses - AT

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Disallowance u/s 40A(3) - cash payment made by the assessee for ...

Case Laws Income Tax

January 20, 2021

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