#Section 40A(3)
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277 articlesIncome Tax
Income Tax
Addition restricted to profit element in case of bogus purchases as sales not doubted
Income Tax
Income Tax
Income Tax Act Section 40A(3): Disallowance of Cash Expenditure
Income Tax
Income Tax
Disallowance u/s 40A(3) sustained as benefit of exception u/r 6DD(f) not eligible
Income Tax
Income Tax
Addition merely based on presumptions and assumptions is unsustainable
Income Tax
Income Tax
Treatment of cash deposited out of sales as income u/s 68 unjustified as sales not disputed
Income Tax
Income Tax
Profit estimation of 10% instead of 8% adopted under presumptive taxation scheme justified
Income Tax
Income Tax
Beware of Cash Transaction under Income Tax Act
Income Tax
Income Tax
Section 40A(3) Terms Not Absolute; Rule 6DD Circumstances Not Exhaustive
Income Tax
Income Tax
Cash Payment exceeding prescribed limit towards purchase of land disallowed as per section 40A(3)
Income Tax
Income Tax
Existence of business exigency needs to be proved for payments in cash to avoid addition u/s 40A(3)
Income Tax
Income Tax
Implication of Cash transactions under Income Tax Act, 1961
Income Tax
Income Tax
ITAT deletes Addition under Section 69 for Gold Loan Recorded in Books
Income Tax
Income Tax
Addition for under valuation of closing stock without corresponding adjustment in opening stock is unsustainable
Income Tax
Income Tax
