https://www.taxtmi.com/caselaws?id=185997 Disallowance under section 40A(3) was held inapplicable in block assessment proceedings where the expenditure was treated as unrecorded or undisclosed income. The Tribunal also applied the principle that, when income is computed by a gross profit rate and no separate deduction for purchases is claimed or allowed, section 40A(3) read with rule 6DDJ cannot be invoked. The High Court accepted that the Tribunal had addressed the jurisdictional and substantive points and found its view consistent with earlier decisions, so no substantial question of law arose. en-us Wed, 30 Jul 2008 00:00:00 +0530 Mon, 05 Sep 2016 13:13:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=185997 Disallowance under section 40A(3) was held inapplicable in block assessment proceedings where the expenditure was treated as unrecorded or undisclosed income. The Tribunal also applied the principle that, when income is computed by a gross profit rate and no separate deduction for purchases is claimed or allowed, section 40A(3) read with rule 6DDJ cannot be invoked. The High Court accepted that the Tribunal had addressed the jurisdictional and substantive points and found its view consistent with earlier decisions, so no substantial question of law arose. Case-Laws Income Tax Wed, 30 Jul 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=185997