Cash Payments not claimed as expenditure cannot be disallowed U/s. 40A(3)

ACIT Vs Jasmine Buildtech (P) Ltd. (ITAT Delhi)

Question of disallowance under section 40A(3) of Income Tax Act, 1961  would not arise, where assessee had not claimed the payments as expenditure, while computing its business income. Assessee-Company bough

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