Splitting of cash payment to circumvent law attracts Section 40A(3)

Advertisement IN THE ITAT JODHPUR BENCH Vaishali Builders & Colonizers versus Additional Commissioner of Income-tax, IT APPEAL NO. 391 (JODH.) OF 2011 [ASSESSMENT YEAR 2008-09] JULY 25, 2012 ORDER Bhavnesh Saini, Judicial Member This appeal by the assessee is directed against the order of the ld. CIT(A), Jodhpur dated 13.10.2011 for the assessment year 2008-09 on the following grounds : “1. The impugned order passed by the Ld. CIT(A) and the impugned assessment order is contrary to the provisions of law, contrary to facts, material and evidence existing on records, contrary to all...