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2021 (8) TMI 790 - AT - Income TaxAddition u/s 40A(3) - assessee had made cash payments exceeding ₹ 20,000/- - CIT-A deleted the addition - HELD THAT:- AO is right in his rem to reopen the assessment based on the Revenue’s audit report. - Order of the Ld. CIT (A) to be de void of merit because he has not given a categorical finding as to why the provisions of section 40A(3) of the Act would not be attracted in the case of the assessee even though assessee had made cash payments exceeding ₹ 20,000/- aggregating to ₹ 21,94,715/-.- he has simply brushed aside the issue by stating that all those payments were made during bank holidays which falls under exceptions mentioned in Rule 6DD of the IT Rules, 1962 without giving a clear cut finding on that regard - Decided in favour of revenue.
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