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2017 (7) TMI 203 - ITAT CHANDIGARHAddition u/s 40A(3)- proof of business expedience - cash payments in excess of ₹ 20,000/- - Held that:- Assessee has been able to prove that due to exceptional, unavoidable circumstances and for business expediency, the payments were made in cash which were found to be genuine by the authorities below, therefore, explanation given by the assessee should not have been disbelieved. Therefore, hold that such payments cannot be disallowed under section 40A(3) of the Income Tax Act. See Gurdas Garg Versus The Commissioner of Income Tax (Appeals) Bathinda And Another [2015 (8) TMI 569 - PUNJAB & HARYANA HIGH COURT ] - Decided in favour of assessee.
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