Disallowance u/s.40A (3) cannot be made in intimation u/s.143(1) of the Income Tax Act: ITAT [Read Order]

Disallowance - Act - ITAT - taxs

Disallowance under Section 40A (3) of the Income Tax Act cannot be made in intimation under Section 143(1) of the Income Tax Act, so was held by the Income Tax Appellate Tribunal (ITAT), Mumbai. The only issue in the appeal of the assessee, M/s. Shubh Arya Steel Pvt. Ltd. is as to whether the employees’…

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