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2018 (11) TMI 1719 - AT - Income TaxDisallowance u/s 40A(3) - assessee had purchased the lands from the local farmers and they have insisted for cash payment and the assessee had no option except to make the cash payments or otherwise farmers expressed their unwillingness for sale of the lands - HELD THAT:- In the instant case, there is no dispute that the payments are genuine, duly accounted in the books of accounts and the recipients are identifiable, and the facts are similar to that of the case laws relied upon by the assessee cited supra. Therefore, we hold that the disallowance made u/s 40A(3) is not called for. Accordingly, we set aside the orders of the lower authorities and delete the addition. Appeal of the assessee is allowed.
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