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![Cash deposit made by the Assessee for the Purchase of Stock-in-Trade cannot be disallowed u/s 40A(3) of the Income Tax Act: ITAT Kolkata [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/08/Cash-deposit-min.jpg "Cash deposit made by the Assessee for the Purchase of Stock-in-Trade cannot be disallowed u/s 40A(3) of the Income Tax Act: ITAT Kolkata [Read Order]")
Cash deposit made by the Assessee for the Purchase of Stock-in-Trade cannot be disallowed u/s 40A(3) of the Income Tax Act: ITAT Kolkata [Read Order]
The Kolkata division of Income Tax Appellate Tribunal, has recently ruled that the cash deposit made by the assessee for the purchase of...