https://www.taxtmi.com/caselaws?id=30662 HC held the AO's addition under s.40A(3) treating alleged cash purchases of Rs.108,08,36,839 as untenable. Court found s.40A(3) is attracted only where expenditure in cash exceeds Rs.20,000 and the AO failed to place material establishing that the seized documents represented cash purchases made by the assessee. Consequently the s.40A(3) disallowance could not be sustained and the addition was set aside. en-us Mon, 08 Sep 2008 00:00:00 +0530 Thu, 30 Oct 2025 15:28:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=30662 HC held the AO's addition under s.40A(3) treating alleged cash purchases of Rs.108,08,36,839 as untenable. Court found s.40A(3) is attracted only where expenditure in cash exceeds Rs.20,000 and the AO failed to place material establishing that the seized documents represented cash purchases made by the assessee. Consequently the s.40A(3) disallowance could not be sustained and the addition was set aside. Case-Laws Income Tax Mon, 08 Sep 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=30662