Home Case Index All Cases Income Tax Income Tax + AT Income Tax - 2016 (11) TMI AT This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2016 (11) TMI 525 - ITAT KOLKATADisallowance under section 40A(3) - Held that:- The assessee has a commercial expediency under Rule 6(2) of the West Bengal Rules referred to above to make payments to the credit of M/s. Asansol Bottling and Packaging Pvt. Limited, Burdwan and M/s. Asansol Bottling and Packaging Pvt. Limited, Burdwan, who is deemed to be an agent of the State Government, as such in terms of Rule 6DD(b) and Rule 6DD(k) of the Income Tax Rules, they are exempted and the disallowance made under section 40A(3) of the Act cannot be sustained. We, therefore, answer this issue in favour of the assessee
|