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2012 (6) TMI 183 - HC - Income TaxDisallow the benefits of section 40A(3),(3A) - fragmented payments made in a day more than Rs. 20,000 – Assessee is the liquor contractor – Held that:- Expenditure incurred by assessee though payment is not exceeding Rs. 20,000 but multiple or fragmented payment is made in a day or short span of time more than Rs 20,000 - the interpretation made of the fact that in the year 2009, the Parliament had amended the provision and added word “aggregate” in the section 40(3) - Since the benefit of the amended provision was not available during the assessment year and is not retrospective in nature no point of disallowance – in favour of assessee.
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