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2023 (5) TMI 997 - AT - Income TaxAddition u/s 40A - cash payment to the third party - HELD THAT:- The assessee has filed ledger extract of Sakthi Murugan Crusher in the books of the assessee as was filed before the Assessing Officer, the assessee could not demonstrate that the impugned expenditure was wholly and exclusively incurred for the purpose of its business or filed any corresponding evidences along with vouchers, details of sundry creditors with confirmation and sources for cash introduced were produced by the assessee. So far as case law relied on by the assessee in the case of Attar Singh Gurmukh Singh [1991 (8) TMI 5 - SUPREME COURT] has no application to the facts of the present case for the reason that the assessee has not produced any evidence for the purchase in cash mode with third party or furnished any satisfactory explanation either before the AO or before the CIT(A) or even before the Tribunal and thus, the Assessing Officer has rightly invoked the provisions of section 40A(3) of the Act in the present case. Decided against assessee.
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