{"id":36004,"date":"2023-08-27T21:49:06","date_gmt":"2023-08-27T16:19:06","guid":{"rendered":"https:\/\/itatonline.org\/digest\/vikrant-happy-homes-p-ltd-v-dy-cit-2022-218-ttj-1-uo-138-taxmann-com-559-pune-trib\/"},"modified":"2023-08-27T21:49:06","modified_gmt":"2023-08-27T16:19:06","slug":"vikrant-happy-homes-p-ltd-v-dy-cit-2022-218-ttj-1-uo-138-taxmann-com-559-pune-trib","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/vikrant-happy-homes-p-ltd-v-dy-cit-2022-218-ttj-1-uo-138-taxmann-com-559-pune-trib\/","title":{"rendered":"Vikrant Happy Homes (P) Ltd. v. Dy. CIT (2022) 218 TTJ 1 (UO) \/ 138 taxmann.com 559 (Pune) (Trib)"},"content":{"rendered":"<p>Assessee-company was engaged in business of land dealing and development.\u00a0 During relevant assessment year, assessee purchased certain lands for which cash payment was made which exceeded Rs. 20,000 Assessing Officer made disallowance under section 40A(3).\u00a0 Since the assessee treated said lands as stock-in-trade and no deduction was claimed while computing business income no disallowance could be made.\u00a0 (AY. 2012-13)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 40A(3) : Expenses or payments not deductible-Cash payments exceeding prescribed limits-Land dealing-Stock in trade-Cash payment was not claimed as expenditure-Disallowance is not justified.  [R. 6DD] <\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[],"class_list":["post-36004","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-9mI","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/36004","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/comments?post=36004"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/36004\/revisions"}],"predecessor-version":[{"id":36005,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/36004\/revisions\/36005"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=36004"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=36004"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=36004"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}