Section 40A(3) Cash Payment Restrictions Not Applicable for Unrecorded Land Purchase Cost; Tax Authorities' Disallowance Overturned.

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....Addition u/s 40A - Payment in cash for purchase of land - when the assessee has not debited the amount of cost of land in the profit & loss account nor claimed any deduction in respect of cost of land by way of computation, provisions contained u/s 40A(3) are not attracted, so AO/CIT(A) have erred in making / confirming the disallowance - AT....