Political contribution deductions require genuine transactions; banking records and party registration alone cannot defeat evidence of accommodation e...
Post-death GST liability permits fresh proceedings against legal representatives, while discontinued-business recovery remains limited to the inherite...
Non-confirmation of FEMA seizure prevents adjudicators from overriding pending appellate findings on recorded reasons and suspected foreign asset hold...
Disallowance u/s 40A(3) - cash payments made by the assessee above ₹ 20,000/- in a single day - when old ornaments are sold in dire need then why an unknown person (customer) will keep his money with the assessee, as the assessee makes payment in cash to the same customer on next day, (against the old ornaments purchased by the assessee). Further, it is beyond imagination that so many persons will behave in this manner on so many different dates - The payments was made beyond the limit prescribed u/s 40A(3) of the Act and the assessee's case are not covered in the exceptions mentioned under rule 6DD of the Income Tax Rules. - Additions confirmed - AT
Disallowance u/s 40A(3) - cash payments made by the assessee above ₹ 20,000/- in a single day - when old ornaments are sold in dire need then why an unknown person (customer) will keep his money with the assessee, as the assessee makes payment in cash to the same customer on next day, (against the old ornaments purchased by the assessee). Further, it is beyond imagination that so many persons will behave in this manner on so many different dates - The payments was made beyond the limit prescribed u/s 40A(3) of the Act and the assessee's case are not covered in the exceptions mentioned under rule 6DD of the Income Tax Rules. - Additions confirmed - AT
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