TMI BlogDisallowance made by AO u/s.40A(3)- The assessee has declared more than 10% of net profit of its gross...Disallowance made by AO u/s.40A(3)- The assessee has declared more than 10% of net profit of its gross turn over, therefore, there is no justification for coming to the conclusion that by purchasing in cash, assessee has earned extra profit - No additions - AT ..... X X X X Extracts X X X X X X X X Extracts X X X X
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