Sec. 40A(3) applies only to revenue expenditure debited to P&L account

Kalyan Constructions Vs ITO (ITAT Hyderabad)

Provisions of Section 40A(3) mention that where an assessee incurs any expenditure in respect of which payments were made to a person otherwise than by way of crossed cheque or account payee cheque, no deduction shall be allowed in respect of such expenditure. It is humbly submitted that when the assessee himself has not claimed any expenditu

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