https://www.taxtmi.com/caselaws?id=263401 Section 40A(3) could not be invoked for land purchase payments that were not claimed as deductible expenditure or routed through the profit and loss account, so the disallowance was unsustainable. An addition for alleged interest on post-dated cheques paid outside the books was also deleted because the cheques were encashed within six months and the interest recomputation had already eliminated the addition. The assessee succeeded on both substantive issues, and the Revenue's challenge failed. en-us Mon, 24 Aug 2015 00:00:00 +0530 Wed, 02 Sep 2015 07:45:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=263401 Section 40A(3) could not be invoked for land purchase payments that were not claimed as deductible expenditure or routed through the profit and loss account, so the disallowance was unsustainable. An addition for alleged interest on post-dated cheques paid outside the books was also deleted because the cheques were encashed within six months and the interest recomputation had already eliminated the addition. The assessee succeeded on both substantive issues, and the Revenue's challenge failed. Case-Laws Income Tax Mon, 24 Aug 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=263401