Held that since the assessee had made clear averments regarding business expediency and the department had not rebutted them, the Assessing Officer was directed to delete the disallowance. (AY.2016-17)
Raju Kashyap v. Asst. CIT (2023)101 ITR 37 (SN)(Delhi) (Trib)
S. 40A(3) : Expenses or payments not deductible-Cash payments exceeding prescribed limits-Business expediency-Claim not rebutted-Disallowance quashed.[R. 6DD]