Section 40A(3) Disallowance via Section 143(1) intimation is untenable

Shubh Arya Steel Pvt. Ltd. Vs ACIT (ITAT Mumbai) Disallowance u/s 40A(3) would not fall within the ambit of a prima facie error or arithmetical error warranting adjustment in terms of Section 143(1) of the Act unsustainable. Facts- Assessee is a partnership firm carrying on business of ship breaking. ROI for the A.Y.2018-19 was filed by the assessee on 14/09/2018. ROI was processed by the ld. CPC u/s.143(1) of the Act on 16/10/2019. While processing the intimation u/s.143(1), cash payments in excess of Rs.20,000/- which are in violation of Rule 6DD of the Income Tax Rules in the sum of Rs.1,71...