TMI BlogAddition u/s. 40A(3) - additions made towards cash payments in excess of prescribed limit - Since, the...Addition u/s. 40A(3) - additions made towards cash payments in excess of prescribed limit - Since, the assessee was only an agent for distributor and collected money from exhibitor/theater owners on behalf of distributors, payment made by the assessee to various parties on behalf of producer of movie cannot be considered as income/expenditure of the assessee to invoke provisions of section 40A(3) of the Act. - AT ..... X X X X Extracts X X X X X X X X Extracts X X X X
|
