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ITAT Mumbai Upholds Deletion of ₹5.85 Cr 40A(3) Addition on Meat Purchases
Case Law Details
- Case Name
- DCIT Vs Chandmiya Miyajan Qureshi (ITAT Mumbai)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2012-13
- Courts
- All ITAT, ITAT Mumbai
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DCIT Vs Chandmiya Miyajan Qureshi (ITAT Mumbai)
CBDT Circular Can’t Override Rule 6DD: ITAT Mumbai Upholds Deletion of ₹5.85 Cr 40A(3) Addition on Meat Purchases
Assessee, engaged in processing & supply of buffalo waste meat, filed return declaring ₹5.44 crore. Assessment was reopened u/s 147, where AO noticed payments aggregating ₹5,85,85,652 made in cash/bearer cheques towards purchase of meat & invoked disallowance u/s 40A(3), alleging violation of Rule 6DD & non-compliance with CBDT Circular No. 8/2006. AO held that Assessee failed to produce veterinary...
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