Disallowance under Section 40A(3) prompts postponement of assessment completion pending government consideration of rule amendments. An administrative instruction directs that assessments should not be completed in cases where payments for business expenditure are to be disallowed under Section 40A(3) pending Government consideration of amendments to the Rules; assessments not involving that provision should proceed normally.
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Provisions expressly mentioned in the judgment/order text.
Disallowance under Section 40A(3) prompts postponement of assessment completion pending government consideration of rule amendments.
An administrative instruction directs that assessments should not be completed in cases where payments for business expenditure are to be disallowed under Section 40A(3) pending Government consideration of amendments to the Rules; assessments not involving that provision should proceed normally.
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