Held that since the assessee had not been able to adduce any evidence whatsoever with respect to incurring of the expenditure in cash towards purchase of sweets, there was no infirmity in the order of the Dispute Resolution Panel. (AY. 2007-08, 2008-09)
Joshi Technologies International Inc. v. Asst. CIT (IT) (2024)109 ITR 70 (Ahd)(Trib)
S. 40A(3) :Expenses or payments not deductible-Cash payments exceeding prescribed limits-Purchase of sweets-Disallowance of 20 Per Cent. of payment is justified.[R.6D]
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