Addition u/s 40A - purchase by cash exceeding ₹ 20,000/- ...

Income Tax

March 23, 2020

Addition u/s 40A - purchase by cash exceeding ₹ 20,000/- on various dates in one bill - merely accepting the purchase by the AO - it was duty of the assessee to prove as to whether particular payees have incorporated in their books for computing their profits on the respective sales or not and we also noted from the submission of the assessee that there are contradictory submissions before the authorities below - Additions confirmed - AT

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Addition u/s 40A - purchase by cash exceeding ₹ 20,000/- ...

Income Tax

March 23, 2020

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