https://www.taxtmi.com/highlights?id=2350 Disallowance cannot be made merely on presumption basis that the assessee had made the purchases by way of cash from the Grey market in violation of the provisions of section 40A(3) of the Act .... - HC en-us Tue, 13 Dec 2011 18:10:48 +0530 Tue, 13 Dec 2011 18:10:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=2350 Disallowance cannot be made merely on presumption basis that the assessee had made the purchases by way of cash from the Grey market in violation of the provisions of section 40A(3) of the Act .... - HC Highlights Income Tax Tue, 13 Dec 2011 18:10:48 +0530 https://www.taxtmi.com/highlights?id=2350