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2013 (10) TMI 282 - HC - Income TaxViolation of provisions of Section 40A(3) - Assessee having made cash payments in excess of Rs.10,000/- in contravention of the provision Section 40 A (3) of the Act, the said payments should be added to the income of the assessee for the assessment year 1990-91 – Assessee made cash payment of Rs.13,43,790/- - Held that:- Assessee had led evidence in detail to explain the payments made in cash in excess of Rs.10,000/- beyond banking hours - Payments were made in the bank account of the U. P. State Sugar Corporation Ltd., Bareilly on the instructions of the Corporation directly in the bank or in case of payments made after banking hours, the payments have been made at Mill counter as directed by the Corporation to enable them to meet their daily expenses and excise duty payments. The certificate was also filed before the Assessing Officer - Deleted of the addition of the amount of Rs.13,43,790/- for the assessment year 1990-91 – Decided against the Revenue.
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