ITAT Third Member Rules No Evidence of Cash Transactions u/s 40A(3), Distinguishing Prior Gujarat High Court Decision.

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....Addition u/s 40A(3) - payment in cash - purchase of stock in trade - Decision of the Third Member of ITAT - The decision of HC [2013 (12) TMI 1731 - GUJARAT HIGH COURT], relied upon the revenue is distinguished as the case on hand is in a better footing as the revenue does not state that any cash transaction took place. - HC....