![Bombay HC admits Revenue Appeal against ITAT Order Deleting Cash Expense Disallowance u/s 40A(3) [Read Order]](https://images.taxscan.in/h-upload/2025/09/30/500x300_2092746-income-tax-act-cash-transaction-overview-of-cash-transaction-tax-evasion-non-cash-payments-reduce-tax-evasion-cash-transaction-provisions-taxscan-1.webp "Bombay HC admits Revenue Appeal against ITAT Order Deleting Cash Expense Disallowance u/s 40A(3) [Read Order]")
Bombay HC admits Revenue Appeal against ITAT Order Deleting Cash Expense Disallowance u/s 40A(3) [Read Order]
The Bombay High Court has admitted an appeal filed by the Principal Commissioner of Income Tax-4, Pune, challenging the Income Tax Appellate...
![Non-Compliance With S.40A(3) in Cash Payments: ITAT Remands Case to CIT(A) With Rs.2,000 Cost [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/04/Non-Compliance-With-Section.40A3-Cash-Payments-ITAT-ITAT-Remands-Case-Remands-Case-Remands-Case-to-CITA-taxscan.jpg "Non-Compliance With S.40A(3) in Cash Payments: ITAT Remands Case to CIT(A) With Rs.2,000 Cost [Read Order]")
![No Evidence of Cash Payments for Demand Drafts to 34 Parties: ITAT Upholds Deletion of Additions by CIT (A) u/s 68 of Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/03/Cash-Payments-No-Evidence-of-Cash-Payments-ITAT-Deletion-Additions-CIT-A-Income-Tax-Act-taxscan.jpg "No Evidence of Cash Payments for Demand Drafts to 34 Parties: ITAT Upholds Deletion of Additions by CIT (A) u/s 68 of Income Tax Act [Read Order]")
Addition u/s 69 of Income Tax Act shall not be made on basis of ledger account seized from third party on absence of clinching Evidence of Cash Payments towards Purchase of Flat: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT) Lucknow bench held that addition under Section 69 of Income Tax Act should not be made on the basis of a ledger account seized from the third party in...
![Addition u/s 69 of Income Tax Act shall not be made on basis of ledger account seized from third party on absence of clinching Evidence of Cash Payments towards Purchase of Flat: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/Income-Tax-Act-shall-not-be-made-on-basis-of-ledger-account-seized-from-third-party-absence-of-clinching-evidence-of-Cash-Payments-towards-purchase-of-Flat-ITAT-TAXSCAN.jpg "Addition u/s 69 of Income Tax Act shall not be made on basis of ledger account seized from third party on absence of clinching Evidence of Cash Payments towards Purchase of Flat: ITAT [Read Order]")
![Cash Payments made to Agriculturists are allowable, No Addition u/s 40A (3) sustain: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/09/Cash-payments-agriculturists-ITAT-taxscan.jpeg "Cash Payments made to Agriculturists are allowable, No Addition u/s 40A (3) sustain: ITAT [Read Order]")
![Cash Purchase of Property with Family Support: ITAT deletes Addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/Cash-Purchase-Property-Family-Support-ITAT-Addition-taxscan.jpeg "Cash Purchase of Property with Family Support: ITAT deletes Addition [Read Order]")
Cash Payments to Suppliers cannot be Disallowed since Genuineness of Payment and Existence of Suppliers were Proved: ITAT [Read Order]
The Chennai bench of the Income Tax Appellate Tribunal (ITAT) has held that the cash payments made to suppliers cannot be disallowed by invoking section 40A(3) of the Income Tax Act, 1961 by...
![Cash Payments to Suppliers cannot be Disallowed since Genuineness of Payment and Existence of Suppliers were Proved: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/06/Cash-Payments-Suppliers-ITAT-Taxscan.jpeg "Cash Payments to Suppliers cannot be Disallowed since Genuineness of Payment and Existence of Suppliers were Proved: ITAT [Read Order]")
CBDT notifies Relaxation in Cash Payments of more than 2 Lakhs in Hospitals providing Covid Treatment [Read Notification]
The Central Board of Direct Taxes (CBDT) notified the relaxation in cash payments of more than 2 lakhs in hospitals providing Covid treatment. “The Central Government, in the exercise of powers...
![CBDT notifies Relaxation in Cash Payments of more than 2 Lakhs in Hospitals providing Covid Treatment [Read Notification]](https://www.taxscan.in/wp-content/uploads/2021/05/CBDT-Cash-Payments-Covid-Treatments-Relaxation-in-Cash-Payments-Hospitals-Taxscan.jpg "CBDT notifies Relaxation in Cash Payments of more than 2 Lakhs in Hospitals providing Covid Treatment [Read Notification]")
No Addition If Cash Payment exceeding Monetary Limit was due to Instance of Seller: ITAT [Read Order]
The Indore bench of the Income Tax Appellate Tribunal (ITAT) has held that the addition cannot be sustained for making cash payment exceeding monetary limit if the same was due to the instance of the...
![No Addition If Cash Payment exceeding Monetary Limit was due to Instance of Seller: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/08/Cash-Purchase-Taxscan.jpg "No Addition If Cash Payment exceeding Monetary Limit was due to Instance of Seller: ITAT [Read Order]")
Cash Payments made in a Village which does not have Banking Facility are not allowable as Expenditure unless Genuineness of Same is proved: Bombay HC [Read Judgment]
Recently in Ellora Paper Mills Ltd v. CIT, the Bombay High Court held that the assessee cannot avail the benefit of Section 40A(3) of the Income Tax Act in respect of Cash payments made in a Village...
![Cash Payments made in a Village which does not have Banking Facility are not allowable as Expenditure unless Genuineness of Same is proved: Bombay HC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2017/03/Cash-Transaction-Limit.jpg "Cash Payments made in a Village which does not have Banking Facility are not allowable as Expenditure unless Genuineness of Same is proved: Bombay HC [Read Judgment]")