https://www.taxtmi.com/caselaws?id=176124 The High Court of Calcutta reviewed a case involving an export-oriented firm dealing in leather goods. The genuineness of purchases made by the firm was confirmed, although Section 40A(3) was applied due to payment methods exceeding a specified threshold. The Court ruled in favor of the firm, deleting the addition under Section 40A(3) and directing the CIT (Appeal) to reconsider another aspect of the case. The appeal was ultimately dismissed as no substantial legal question was identified, with instructions for all parties to act on the order and obtain certified copies if necessary. en-us Wed, 30 Jul 2008 00:00:00 +0530 Mon, 14 Dec 2015 11:27:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=176124 The High Court of Calcutta reviewed a case involving an export-oriented firm dealing in leather goods. The genuineness of purchases made by the firm was confirmed, although Section 40A(3) was applied due to payment methods exceeding a specified threshold. The Court ruled in favor of the firm, deleting the addition under Section 40A(3) and directing the CIT (Appeal) to reconsider another aspect of the case. The appeal was ultimately dismissed as no substantial legal question was identified, with instructions for all parties to act on the order and obtain certified copies if necessary. Case-Laws Income Tax Wed, 30 Jul 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=176124