Santosh M. Bhandari v. ITO (2025) 473 ITR 646 (Karn)(HC)

S. 40A(3) :Expenses or payments not deductible-Cash payments exceeding prescribed limits-No credible document produced to show why payment had to be made on bank holiday-Order of Tribunal is affirmed. [R.6DD, 260A]

Dismissing the appeal of the assessee the Court held that assessee   had also not produced any believable document to show that the recipients had in fact received the consideration and had declared it as their income. The disallowance under section 40A(3) is  justified. (AY. 2013-14)

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