https://www.taxtmi.com/forum/issue?id=3416 Stamp duty paid in cash for purchase of land was disallowed by the assessing officer under Section 40A(3). The reply contends that payments made to the state government fall outside the cash-payment disallowance and, where the duty is capitalised as part of land acquisition, it represents capital expenditure rather than a deductible business expense. en-us Tue, 20 Sep 2011 15:04:19 +0530 Thu, 23 Jan 2025 15:58:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=3416 Stamp duty paid in cash for purchase of land was disallowed by the assessing officer under Section 40A(3). The reply contends that payments made to the state government fall outside the cash-payment disallowance and, where the duty is capitalised as part of land acquisition, it represents capital expenditure rather than a deductible business expense. Discussion-Forum Income Tax Tue, 20 Sep 2011 15:04:19 +0530 https://www.taxtmi.com/forum/issue?id=3416