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2018 (12) TMI 1251 - AT - Income TaxAddition u/s 40A(3) - cash payment exceeding permissible limit - Held that:- AO/CIT(A) have not analysed this aspect of cash payments if they have exceeded ₹ 20,000/- specified under the provisions of section 40A(3) of the Act. Therefore, in the interest of administration of justice, remand the issue to the file of AO for verification of the same and passing a speaking order on this issue. Needless to mention, the AO shall give reasonable opportunity of being heard to the assessee in accordance with the set principles of natural justice. Accordingly, the grounds raised by the assessee are allowed for statistical purposes.
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