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Section 40A(3) Disallowance for Cash Freight Payments Within ₹35,000 Quashed; WhatsApp Chats Insufficient
Case Law Details
- Case Name
- DCIT Vs Greyforce Industries Limited (ITAT Kolkata)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2023-24
- Courts
- All ITAT, ITAT Kolkata
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DCIT Vs Greyforce Industries Limited (ITAT Kolkata)
Section 40A(3) Disallowance on Freight Payments Set Aside: Cash Paid to Truck Drivers Within ₹35,000 Limit and WhatsApp Chats Cannot Sustain Addition
The Kolkata Bench of the ITAT dismissed the Revenue’s appeal and upheld the CIT(A)’s order deleting disallowances aggregating to ₹3.93 crore made during survey proceedings for AY 2023-24.
On the principal issue, the Tribunal held that the Assessing Officer wrongly invoked Section 40A(3) by treating freight payments as having been made to transporters in excess of ₹35,0...
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