Deposit of cash in principal’s bank account by agent held as not a violation of sec. 40A(3)

HIGH COURT OF PUNJAB & HARYANA Commissioner of Income-tax-III, Ludhiana Versus Smt. Shelly Passi IT Appeal No. 179 of 2012 (O&M) OCTOBER 6, 2012 ORDER Ajay Kumar Mittal, J. This appeal has been preferred by the revenue under section 260A of the Income Tax Act, 1961 (in short, “the Act”) against the order dated 11.5.2012, Annexure 3 passed by the Income Tax Appellate Tribunal, Chandigarh Bench ‘A’, Chandigarh (for brevity, “the Tribunal”) in ITA No. 1151/CHANDI/2011 for the assessment year 2008-09, claiming following substantial quest...