Payment of Rs. 22 Lakh in Cash to Wholesale Dealer attracts Disallowance u/s 40A(3): ITAT

Clipped from: https://www.taxscan.in/payment-of-rs-22-lakh-in-cash-to-wholesale-dealer-attracts-disallowance-u-s-40a3-itat/240288/?utm_source=izooto&utm_medium=push_notifications&utm_campaign=Payment%20of%20Rs.%2022%20Lakh%20in%20Cash%20to%20Wholesale%20Dealer%20attracts%20Disallowance%20u/s%2040A(3):%20ITAT By Navasree A M – On December 30, 2022 12:06 pm The Chennai Bench of Income Tax Appellate Tribunal ( ITAT ) disallowed the tax deduction on grounds that an

Use of Building by Assessee-Trust without consideration is not Unexplained Investment: ITAT

Clipped from: https://www.taxscan.in/use-of-building-by-assessee-trust-without-consideration-is-not-unexplained-investment-itat/240190/?utm_source=izooto&utm_medium=push_notifications&utm_campaign=Use%20of%20Building%20by%20Assessee-Trust%20without%20consideration%20is%20not%20Unexplained%20Investment:%20ITAT By Kalyani B Nair – On December 30, 2022 12:15 pm The Kolkata Bench of the Income Tax Appellate Tribunal ( ITAT ), ruled that use of building by assessee-trust

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