RAJENDRA PRASAD BOTHRA,KOLKATA vs. ACIT, CIRCLE - 43, , KOLKATA

आदेश /O R D E R This assessee’s appeal for assessment year 2012-14, arises against the Commissioner of Income-tax (Appeals)-13, Kolkata’s order dated 04.06.2018 passed in case No.18/CIT(A)-13/Cir-43/Kol/2015-16 involving proceedings u/s. 143(3) of the Income Tax Act, 1961; in short ‘the Act’. Heard both the parties. Case file perused. 2. The assessee’s former substantive grievance challenges correctness of both the lower authorities action invoking sec. 40A(3) disallowance amounting to ₹1,18,118/- alleging cash payment of business expenditure. Suffice to say, at the outset, there is no dispute that the assessee has made the impugned cash payments. His only case during the course of hearing is that the said cash payment do not exceed the statutory prescribed limit of ₹20,000/- as applicable in the impugned assessment year. Learned