https://www.taxtmi.com/highlights?id=72184 Addition u/s 40A(3) - allegation of making huge cash payments in excess of Rs. 20,000/- As per the assessment order made u/s 144, no books of accounts were produced - in absence of examination of the books of accounts and without finding that such cash payments were made and debited to the profit and loss account, the AO could not have made the disallowance u/s. 40A(3). - AT en-us Sat, 23 Sep 2023 08:40:18 +0530 Sat, 23 Sep 2023 12:51:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=72184 Addition u/s 40A(3) - allegation of making huge cash payments in excess of Rs. 20,000/- As per the assessment order made u/s 144, no books of accounts were produced - in absence of examination of the books of accounts and without finding that such cash payments were made and debited to the profit and loss account, the AO could not have made the disallowance u/s. 40A(3). - AT Highlights Income Tax Sat, 23 Sep 2023 08:40:18 +0530 https://www.taxtmi.com/highlights?id=72184