{"id":42874,"date":"2024-05-17T16:16:42","date_gmt":"2024-05-17T10:46:42","guid":{"rendered":"https:\/\/itatonline.org\/digest\/monika-chitrasen-patil-mrs-v-ito-2023-198-itd-508-smc-pune-trib\/"},"modified":"2024-05-17T16:16:42","modified_gmt":"2024-05-17T10:46:42","slug":"monika-chitrasen-patil-mrs-v-ito-2023-198-itd-508-smc-pune-trib","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/monika-chitrasen-patil-mrs-v-ito-2023-198-itd-508-smc-pune-trib\/","title":{"rendered":"Monika Chitrasen Patil. (Mrs.) v. ITO (2023) 198 ITD 508 (SMC) (Pune) (Trib.)"},"content":{"rendered":"<p>Assessee purchased land and on demand of sellers made payment in cash amounting to Rs. 12.50 lacs and Rs. 1.33 lacs towards part of sale consideration which was incorporated in sale deed. Assessing Officer disallowed\u00a0 payment applying provisions of section 40A(3). On appeal the Tribunal held that\u00a0\u00a0 sellers were identified and admitted receipt of cash payment before registering authority under due process and Assessing Officer did not dispute same.\u00a0 On facts disallowance of cash payment is deleted.\u00a0 under section 40A(3) deserved to be deleted. (AY. 2012-13)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 40A(3) :Expenses or payments not deductible-Cash payments exceeding prescribed limits-Purchase of land-Payment of cash on demand by seller-Seller admitted the receipt of cash-Disallowance is deleted. [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-42874","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-b9w","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/42874","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=42874"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/42874\/revisions"}],"predecessor-version":[{"id":42875,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/42874\/revisions\/42875"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=42874"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=42874"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=42874"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}