Section 40A(3) Disallowance Not Applicable for Non-Deductible Land Costs and Additional Payments in Income Tax.

Section 40A(3) Disallowance Not Applicable for Non-Deductible Land Costs and Additional Payments in Income Tax. https://www.taxtmi.com/highlights?id=22909 Disallowance u/s 40A(3)- When the cost of the land as well as additional payment is not claimed by the assessee as deduction, the question of any disallowance under Section 40A(3) or otherwise in the case of the assessee does not arise. - AT en-us Tue, 12 May 2015 19:12:54 +0530 Tue, 12 May 2015 19:12:54 +0530 TaxTMI RSS Generator Section 40A(3) Disallowance Not Applicable for Non-Deductible Land Costs and Additional Payments in Income Tax. https://www.taxtmi.com/highlights?id=22909 Disallowance u/s 40A(3)- When the cost of the land as well as additional payment is not claimed by the assessee as deduction, the question of any disallowance under Section 40A(3) or otherwise in the case of the assessee does not arise. - AT Highlights Income Tax Tue, 12 May 2015 19:12:54 +0530 https://www.taxtmi.com/highlights?id=22909