https://www.taxtmi.com/caselaws?id=799411 Section 40A(3) applies only to amounts otherwise deductible in computing business income. Cash payments for land acquisition that are capitalised as a capital asset or purchase advance, rather than claimed through the profit and loss account, do not reduce taxable business profits and fall outside its disallowance mechanism. The curative amendment introducing a tolerance band for stamp-duty valuation differences applies retrospectively. Consequently, a valuation difference within the prescribed 10% limit does not support an addition. en-us Tue, 24 Feb 2026 00:00:00 +0530 Tue, 22 Sep 2026 08:17:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=799411 Section 40A(3) applies only to amounts otherwise deductible in computing business income. Cash payments for land acquisition that are capitalised as a capital asset or purchase advance, rather than claimed through the profit and loss account, do not reduce taxable business profits and fall outside its disallowance mechanism. The curative amendment introducing a tolerance band for stamp-duty valuation differences applies retrospectively. Consequently, a valuation difference within the prescribed 10% limit does not support an addition. Case-Laws Income Tax Tue, 24 Feb 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=799411