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Section 40A(3) Disallowance Fails Without Proof of Split Cash: ITAT Chennai
Case Law Details
- Case Name
- Kuppusamy Thankaraj Vs ITO (ITAT Chennai)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2018-19
- Courts
- All ITAT, ITAT Chennai
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Kuppusamy Thankaraj Vs ITO (ITAT Chennai)
ITAT Chennai Deletes ₹77.95 Lakh Disallowance Under Section 40A(3): No Proof of Split Cash Payments
The Chennai Bench of the Income Tax Appellate Tribunal (ITAT) allowed the assessee’s appeal for AY 2018-19 and deleted the disallowance of ₹77.94 lakh made under section 40A(3) in respect of cash payments for purchase of firewood.
The Assessing Officer had alleged that the assessee deliberately split lump-sum cash payments into amounts not exceeding ₹10,000 per day per person to circumvent section 40A(3) read with Rule 6DD, and accordingly treate...
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