#Section 40A(3)
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268 articlesIncome Tax
Income Tax
Improper Vouchers Alone Insufficient for Ad Hoc Disallowance: ITAT Delhi
Income Tax
Income Tax
Unaccounted Sales’ Net Profit Rate Must Be Justifiable, Not Adhoc: ITAT Rajkot
Income Tax
Income Tax
Discrepancies in KYC docs don’t constitute incriminating material: ITAT Mumbai
Income Tax
Income Tax
HC upheld Section 40A(3) addition in absence of evidence against addition
Income Tax
Income Tax
ITAT upholds deletion of section 40A(3) Addition for bonus payments
Income 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
