![Partial relief of Disallowance u/s 40 40A(3) on Bogus Purchase without seeking Remand Report: ITAT upholds Partial relief as no Additional Evidence is taken [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/11/Partial-relief-of-Disallowance-Partial-relief-Disallowance-Bogus-Purchase-ITAT-upholds-Partial-relief-no-Additional-Evidence-is-taken-Additional-Evidence-TAXSCAN.jpg "Partial relief of Disallowance u/s 40 40A(3) on Bogus Purchase without seeking Remand Report: ITAT upholds Partial relief as no Additional Evidence is taken [Read Order]")
Partial relief of Disallowance u/s 40 40A(3) on Bogus Purchase without seeking Remand Report: ITAT upholds Partial relief as no Additional Evidence is taken [Read Order]
The Ahmedabad Bench of Income Tax Appellate Tribunal (ITAT) has upheld the partial relief as no additional evidence was taken while dealing with...
![Cash paid for Purchase excess than prescribed limit, Disallowance of total purchase U/s 40A(3) sustain: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/08/Cash-purchase-ITAT-taxscan.jpg "Cash paid for Purchase excess than prescribed limit, Disallowance of total purchase U/s 40A(3) sustain: ITAT [Read Order]")
![Gifts and Presents by way of Cash can’t be allowed as Business Expenditure: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2019/05/Business-Expenditure-ITAT-Taxscan.jpg "Gifts and Presents by way of Cash can’t be allowed as Business Expenditure: ITAT [Read Order]")
![Cash Purchase of Land would not violate S. 40A(3) in the Absence of Claim for Business Expenditure: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/08/Cash-Purchase-Taxscan.jpg "Cash Purchase of Land would not violate S. 40A(3) in the Absence of Claim for Business Expenditure: ITAT [Read Order]")
IT Rules permit Cash Purchase of Alcohol Liquor for Human Consumption from Authorized Distributor of State Govt: ITAT [Read Order]
The Kolkata bench of the Income Tax Appellate Tribunal ( ITAT ) in M/s Savitri Devi v. DCIT held that there is no violation of the Income Tax Rules in making cash purchase of Alcohol Liquor for human...
![IT Rules permit Cash Purchase of Alcohol Liquor for Human Consumption from Authorized Distributor of State Govt: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/07/Alcohol-Liquor-Taxscan.jpg "IT Rules permit Cash Purchase of Alcohol Liquor for Human Consumption from Authorized Distributor of State Govt: 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]")
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 amount deposited with the whole sale licensee in...
![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]")
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 stock-in-trade cannot be disallowed u/s 40a(3) of the Income...
![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]")