Income Tax Act Section 40A(3): Assessee argues for deduction on cash payments made during non-banking hours for urgent hotel bookings.

Income Tax Act Section 40A(3): Assessee argues for deduction on cash payments made during non-banking hours for urgent hotel bookings. https://www.taxtmi.com/highlights?id=50027 Addition u/s. 40A(3) - submission of the assessee that certain cash payments were made in non banking hours in the late evening and certain payments were made on a date when bank was closed and the hotel booking was urgently required - deduction to be allowed, subject to verification. en-us Mon, 04 Nov 2019 06:40:59 +0530 Mon, 04 Nov 2019 06:40:59 +0530 TaxTMI RSS Generator Income Tax Act Section 40A(3): Assessee argues for deduction on cash payments made during non-banking hours for urgent hotel bookings. https://www.taxtmi.com/highlights?id=50027 Addition u/s. 40A(3) - submission of the assessee that certain cash payments were made in non banking hours in the late evening and certain payments were made on a date when bank was closed and the hotel booking was urgently required - deduction to be allowed, subject to verification. Highlights Income Tax Mon, 04 Nov 2019 06:40:59 +0530 https://www.taxtmi.com/highlights?id=50027