Disallowance of expenditure incurred on the acquisition of the ...

Cash Land Purchase Disallowed u/s 40A(3) of Income Tax Act for Business Income Classification.

November 23, 2022

Case Laws Income Tax AT

Disallowance of expenditure incurred on the acquisition of the land made in cash u/s 40A(3) - the income having been held taxable under the head “income from business or profession” the disallowance under section 40A(3) of the Act, we hold, has been rightly made. - AT

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Disallowance of expenditure incurred on the acquisition of the ...

Cash Land Purchase Disallowed u/s 40A(3) of Income Tax Act for Business Income Classification.

November 23, 2022

Case Laws Income Tax AT

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