Cash expenditure, exceeding threshold limit u/s section 40A(3), disallowed

ACIT Vs Bajrang Bahadur Singh (ITAT Varanasi) Manipulation and falsifying records by making wrong entries to bring itself out of clutches of provisions of section 40A(3) is unsustainable in law. Cash expenditure above threshold limit u/s 40A(3) disallowed Facts- The assessee filed its ROI declaring total income of Rs.64,87,970/-, on 29.09.2012. The assessment was completed by the AO by assessing total income of Rs.67,43,840/- in original assessment proceedings, wherein, certain expenses were disallowed by the AO . The ld. Pr. CIT, Gorakhpur invoked the revisionary powers u/s. 263 of the Act , ...