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2022 (11) TMI 1167 - AT - Income TaxAddition u/s 40A(3) - assessee firm had made cash purchase exceeding permissible limit - CIT-A deleted the addition - HELD THAT:- CIT(A) has categorically mentioned that the cash book, purchase register and all individual invoices where cash transaction had taken place have been thoroughly checked and it is found that not a single such transaction actually exceeded the threshold limit of Rs.20,000/-. In view of the aforesaid factual finding given by the CIT(A) there is no violation of the provisions of section 40A(3) of the Act, we do not find any reason to interfere with the order of the CIT(A) and the same is upheld. - Decided against revenue.
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