https://www.taxtmi.com/caselaws?id=435372 The ITAT allowed the appeals in favor of the assessee, deleting the disallowances made under Section 40A(3) for all assessment years. The ITAT concluded that no separate disallowance under Section 40A(3) could be made when income was determined on an estimated basis without specific deductions for purchases, following the precedent set by the Allahabad High Court. The judgment was pronounced on February 9, 2023. en-us Thu, 09 Feb 2023 00:00:00 +0530 Sat, 18 Mar 2023 08:29:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=435372 The ITAT allowed the appeals in favor of the assessee, deleting the disallowances made under Section 40A(3) for all assessment years. The ITAT concluded that no separate disallowance under Section 40A(3) could be made when income was determined on an estimated basis without specific deductions for purchases, following the precedent set by the Allahabad High Court. The judgment was pronounced on February 9, 2023. Case-Laws Income Tax Thu, 09 Feb 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=435372