https://www.taxtmi.com/caselaws?id=398203 Cash expenditure incurred abroad in foreign currency was held disallowable under section 40A(3) because the payment was booked in India in rupee terms and the provision was treated as applying to the monetary threshold rather than Indian currency only; the rule 6DD exception was found inapplicable, so the disallowance was sustained. An ad hoc disallowance of vehicle, conveyance and telephone expenses for alleged personal use could not stand without enquiry or supporting material; the flat percentage addition was deleted for being based only on presumption. en-us Thu, 03 Sep 2020 00:00:00 +0530 Wed, 09 Sep 2020 10:47:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=398203 Cash expenditure incurred abroad in foreign currency was held disallowable under section 40A(3) because the payment was booked in India in rupee terms and the provision was treated as applying to the monetary threshold rather than Indian currency only; the rule 6DD exception was found inapplicable, so the disallowance was sustained. An ad hoc disallowance of vehicle, conveyance and telephone expenses for alleged personal use could not stand without enquiry or supporting material; the flat percentage addition was deleted for being based only on presumption. Case-Laws Income Tax Thu, 03 Sep 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=398203