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Introducing the “In Favour Of” filter in Case Laws.
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of <h1>Income Tax Officers Advised to Delay 1970-71 Assessments Involving Section 40A(3) Business Expenditure Disallowance Pending Rule Amendments.</h1> Instruction No. 213/CBDT, dated September 3, 1970, addresses the disallowance of business expenditure under Section 40A(3) of the Income Tax Act, 1961. It directs all concerned Income Tax Officers not to finalize assessment proceedings for the fiscal year 1970-71 in cases where business expenditure payments are to be disallowed under this section, as amendments to the related rules are being considered by the government. Assessments not involving these provisions should proceed without delay.
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