Section 40A(3) disallowance cannot be made by invoking Section 154 provisions

Smt. Poonam Mittal Vs ITO (ITAT Amritsar)

We find that the AO had invoked his powers u/s.154 of the Act for disallowing u/s.40A(3) of the Act the assessee’s claim for deduction of bonus of Rs.2,47,380/- that was stated to have been paid in cash, i.e., in excess of the prescribe

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