https://www.taxtmi.com/caselaws?id=37132 The court ruled in favor of the revenue, affirming that payments for goods constitute 'expenditure' under section 40A(3) of the Income-tax Act, 1961. The court upheld the Tribunal's decision that payments by book adjustments are subject to the prohibition unless directly adjusted with the supplier. The court emphasized the limited exceptions allowed by rule 6DD. The judgment clarified the scope of 'expenditure' and the application of the prohibition, with no costs imposed. en-us Mon, 10 Sep 1979 00:00:00 +0530 Fri, 26 Mar 2010 16:53:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=37132 The court ruled in favor of the revenue, affirming that payments for goods constitute 'expenditure' under section 40A(3) of the Income-tax Act, 1961. The court upheld the Tribunal's decision that payments by book adjustments are subject to the prohibition unless directly adjusted with the supplier. The court emphasized the limited exceptions allowed by rule 6DD. The judgment clarified the scope of 'expenditure' and the application of the prohibition, with no costs imposed. Case-Laws Income Tax Mon, 10 Sep 1979 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=37132