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Income Tax - Highlights / Catch Notes

Home Highlights March 2015 Year 2015 This

Payment of expenditures in cash - payment to the Government ...

Income Tax

March 7, 2015

Payment of expenditures in cash - payment to the Government undertaking for supply of electricity are not covered by the provisions of section 40A(3) - addition made by AO deleted - AT

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  2. Payment of expenditure in Cash - the cash deposited to the bank account of a recipient does not fall within the purview of Section 40A(3) - HC

  3. Exemption from TDS on cash withdrawal u/s194N for making payment to farmers - Central Government specifies the commission agent or trader, operating under Agriculture...

  4. The explanation of the assessee that the cash receipts had been suppressed for the purposes of taking care of corruption at various levels also disentitles them for...

  5. Disallowance u/s 40A(3) - 20% of the expenditure made in cash - payment made towards advance - decided in favor of assessee - AT

  6. Exemption from GST - Valuation of supply - providing services of crushing wheat provided by the State Government, into fortified atta which in turn is supplied by the...

  7. Refund clam - payment of duty twice - once from the cenvat account and subsequently by cash through PLA - re-credit taken suo moto instead of claiming refund - claim...

  8. Restriction on cash expenditure u/s 40A(3) - activity of supply of food grains, sugar & kerosene under Public Distribution System - payments has been made to dealer...

  9. Deduction u/s 37 - Guarantee commission paid to State Government – allowed as revenue expenditure - HC

  10. Assessee is entitled to treat the expenses, incurred by them for upgrading of infrastructure in the government laboratory, as per the directions of the Government, which...

 

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