Case Law Details
Case Name : Shakti Singh Gulia Vs ITO (ITAT Delhi)
Related Assessment Year : 2014-15
Courts :
All ITAT ITAT Delhi
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Shakti Singh Gulia Vs ITO (ITAT Delhi)
ITAT Delhi held that addition u/s 40A(3) of the Income Tax Act unsustainable as the assessee has sufficiently demonstrated that strict adherence to payment through banking channel is, at times, not practicable and has the potential to severally hamper the ongoing business of trading in liquor.
Facts- The assessee is engaged in the business of trading of liquor and also deriving income from salary/pension from Haryana Government.
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