https://www.taxtmi.com/highlights?id=69521 Disallowance u/s 40A(3) - depositing cash in bank account of supplier - the purpose of Section 40A(3), is only preventive and to check tax evasions and flow of unaccounted money or to check transaction which are not genuine and may be put up as camouflage to evade tax by showing fictitious or false transactions. Admittedly, this is not so in the present case of the assessee, as ld. AO also has accepted the fact that assessee directly deposited cash in the bank account of the supplier - Additions deleted - AT en-us Mon, 01 May 2023 09:09:16 +0530 Mon, 01 May 2023 09:09:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=69521 Disallowance u/s 40A(3) - depositing cash in bank account of supplier - the purpose of Section 40A(3), is only preventive and to check tax evasions and flow of unaccounted money or to check transaction which are not genuine and may be put up as camouflage to evade tax by showing fictitious or false transactions. Admittedly, this is not so in the present case of the assessee, as ld. AO also has accepted the fact that assessee directly deposited cash in the bank account of the supplier - Additions deleted - AT Highlights Income Tax Mon, 01 May 2023 09:09:16 +0530 https://www.taxtmi.com/highlights?id=69521