A disallowance for cash payments was remanded to the Assessing Officer to give the taxpayer a fresh opportunity to justify the payments under statutory exceptions.
A disallowance for cash payments was remanded to the Assessing Officer to give the taxpayer a fresh opportunity to justify the payments under statutory exceptions. Issue Whether a disallowance under Section 40A(3) for cash payments exceeding the prescribed limit should be finalized without affording the assessee a complete opportunity to substantiate their claim that the… Read More »