No Disallowance u/s.40A (3) of Income Tax Act on Payment made towards Purchase of Beer from State Government: ITAT [Read Order]

disallowance- Income Tax Act- payment- Purchase- Beer- State Government- ITAT- income- tax-taxscan

The Raipur bench of Income Tax Appellate Tribunal (ITAT) has held that there is no disallowance under Section 40A (3) of Income Tax Act, 1961 on payment made towards purchase of beer from state government. The Assessee Harshdeep Singh Juneja is an individual holding FL-2 license on behalf of his partnership firm viz. Juneja Ventures,…

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