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![Amount deposited with the Wholesale licensee in accordance with the Excise Law procedure cannot be disallowed: ITAT Kolkata [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/09/ITAT-Kolkata-TaxScan.jpg "Amount deposited with the Wholesale licensee in accordance with the Excise Law procedure cannot be disallowed: ITAT Kolkata [Read Order]")
Amount deposited with the Wholesale licensee in accordance with the Excise Law procedure cannot be disallowed: ITAT Kolkata [Read Order]
The kolkata bench of the Income Tax Appellate Tribunal recently ruled that Section 40A(3) of the Income Tax Act, 1961 has no application in case of...