M/S APEX BUILDERS, LUDHIANA vs. ITO, W-2(1), LUDHIANA

The appeal is partly allowed

Bench: SHRI. LALIET KUMAR (Judicial Member)

disallowance made by the Assessing Officer under Section 40A(3) of the Act. 17. Accordingly, the disallowance under Section 40A

M/S YASHODHA MOTORS PVT. LTD.,PATIALA vs. ACIT, CIRCLE, PATIALA

In the result, appeal of the Assessee is allowed

Bench: Smt. Diva Singh & Smt.Annapurna Guptaआयकर अपील सं./ Ita No.1601/Chd/2019 िनधा"रण वष" / Assessment Year : 2016-17

disallowance of interest paid on unsecured loans taken from specified persons holding the same to be in excess of the fair market rate ,as per section 40A

M/S DIN DAYAL PURSOTAM LAL,SIRSA vs. PR.CIT, ROHTAK

Bench: SHRI A.D.JAIN (Vice President), SHRI VIKRAM SINGH YADAV (Accountant Member)

section 40A(3) against cash purchase" is based on fundamental misconception of facts and provisions of law and thus not in accordance with law and, therefore untenable. 2.1 That the finding that "purchases from M/s Gaja Nand Pardeep Kumar of Rs.58,42,492/- should have been disallowed

M/S DIN DAYAL PURSOTAM LAL,SIRSA vs. PR.CIT, ROHTAK

Bench: SHRI A.D.JAIN (Vice President), SHRI VIKRAM SINGH YADAV (Accountant Member)

section 40A(3) against cash purchase" is based on fundamental misconception of facts and provisions of law and thus not in accordance with law and, therefore untenable. 2.1 That the finding that "purchases from M/s Gaja Nand Pardeep Kumar of Rs.58,42,492/- should have been disallowed

M/S DIN DAYAL PURSOTAM LAL,SIRSA vs. PR.CIT, ROHTAK

Bench: SHRI A.D.JAIN (Vice President), SHRI VIKRAM SINGH YADAV (Accountant Member)

section 40A(3) against cash purchase" is based on fundamental misconception of facts and provisions of law and thus not in accordance with law and, therefore untenable. 2.1 That the finding that "purchases from M/s Gaja Nand Pardeep Kumar of Rs.58,42,492/- should have been disallowed

SH. SHER SINGH RANA,SOLAN vs. PR.CIT-1, CHANDIGARH

In the result, the appeal of the assessee is partly allowed in light of aforesaid directions

Bench: Smt.Diva Singh & Shri Vikram Singh Yadavआदेश/Order

section 40A(3) of the l.T.Act, 1961. And to avoid any disallowance, he has submitted fictitious documents (Ikrarnama) before the Assessing

AMAN THUKRAL,LUDHIANA vs. INCOME TAX OFFICER WARD 2(1), LUDHIANA , LUDHIANA

Accordingly, Additional Ground No. 1 is allowed for statistical

Bench: SHRI. LALIET KUMAR (Judicial Member), SHRI. KRINWANT SAHAY (Accountant Member)

section 40A(3) are not applicable in the case of appellant. 7. That the Ld. CIT(A), NFAC, Delhi has failed to appreciate that the Ld. AO has wrongly disallowed

ASSTT.COMMISSIONER OF INCOME TAX, LUDHIANA vs. M/S MRS.BECTORS FOOD SPECILTIES LTD, LUDHIANA

Bench: Smt. Diva Singh & Dr. B.R.R. Kumar

40A(2)(b) of the Income-tax Act, 1961 despite being given ample opportunity to do so?” 7.4 As the matter stands adjudicated, following the ratio laid down which is squarely applicable to the appeals before us, the grounds raised by the Revenue on this issue are hereby dismissed. 8. Issue of disallowance of Section

ASSTT.COMMISSIONER OF INCOME TAX, LUDHIANA vs. M/S MRS.BECTORS FOOD SPECILTIES LTD, LUDHIANA

Bench: Smt. Diva Singh & Dr. B.R.R. Kumar

40A(2)(b) of the Income-tax Act, 1961 despite being given ample opportunity to do so?” 7.4 As the matter stands adjudicated, following the ratio laid down which is squarely applicable to the appeals before us, the grounds raised by the Revenue on this issue are hereby dismissed. 8. Issue of disallowance of Section

ACIT, LUDHIANA vs. M/S MRS. BECTORS FOOD SPECIALTIES PVT. LTD., LUDHIANA

Bench: Smt. Diva Singh & Dr. B.R.R. Kumar

40A(2)(b) of the Income-tax Act, 1961 despite being given ample opportunity to do so?” 7.4 As the matter stands adjudicated, following the ratio laid down which is squarely applicable to the appeals before us, the grounds raised by the Revenue on this issue are hereby dismissed. 8. Issue of disallowance of Section

ASSTT.COMMISSIONER OF INCOME TAX, LUDHIANA vs. M/S MRS.BECTORS FOOD SPECILTIES LTD, LUDHIANA

Bench: Smt. Diva Singh & Dr. B.R.R. Kumar

40A(2)(b) of the Income-tax Act, 1961 despite being given ample opportunity to do so?” 7.4 As the matter stands adjudicated, following the ratio laid down which is squarely applicable to the appeals before us, the grounds raised by the Revenue on this issue are hereby dismissed. 8. Issue of disallowance of Section

ASSTT.COMMISSIONER OF INCOME TAX, LUDHIANA vs. M/S MRS.BECTORS FOOD SPECILTIES LTD, LUDHIANA

Bench: Smt. Diva Singh & Dr. B.R.R. Kumar

40A(2)(b) of the Income-tax Act, 1961 despite being given ample opportunity to do so?” 7.4 As the matter stands adjudicated, following the ratio laid down which is squarely applicable to the appeals before us, the grounds raised by the Revenue on this issue are hereby dismissed. 8. Issue of disallowance of Section

ASSTT.COMMISSIONER OF INCOME TAX, LUDHIANA vs. M/S MRS.BECTORS FOOD SPECILTIES LTD, LUDHIANA

Bench: Smt. Diva Singh & Dr. B.R.R. Kumar

40A(2)(b) of the Income-tax Act, 1961 despite being given ample opportunity to do so?” 7.4 As the matter stands adjudicated, following the ratio laid down which is squarely applicable to the appeals before us, the grounds raised by the Revenue on this issue are hereby dismissed. 8. Issue of disallowance of Section

M/S METALMAN AUTO PVT. LTD.,LUDHIANA vs. ADDL. CIT, LUDHIANA

In the result, the appeal of the assessee is allowed

Bench: Shri Sanjay Garg & Ms. Annapurna Guptam/S Metalman Auto Pvt. Ltd., Vs. The Addl.C.I.T., E-127, Phase-V, Range-1, Focal Point, Ludhiana. Ludhiana. Pan: Aabcm5441M (Appellant) (Respondent)

disallowed in view of the provisions of section 40A(3). In response, the assessee submitted that the company was purchasing

INCOME TAX OFFICER, KURUKSHETRA vs. JASVIR SINGH, VILLAGE DIWANA TEHSIL PEHOWA

In the result, appeal of the Revenue is dismissed

Bench: Shri Rajpal Yadav & Shri Krinwant Sahayआयकर अपील सं./ Ita No. 665/Chd/2023 "नधा"रण वष" / Assessment Year : 2013-14 Ito, Jasvir Singh, Kurukshetra बनाम Village Diwana Tehsil Pehowa, Vs. Distt. Kurukshetra 136128 "थायी लेखा सं./Pan No: Cnqps4895G अपीलाथ"/Appellant ""यथ"/Respondent ( Physical Hearing ) "नधा"रती क" ओर से/Assessee By : Sh. Parikshit Aggarwal, Ca राज"व क" ओर से/ Revenue By : Shri Manav Bansal, Cit Dr सुनवाई क" तार"ख/Date Of Hearing : 26.06.2025 उदघोषणा क" तार"ख/Date Of Pronouncement : 11.08.2025 आदेश/Order Per Krinwant Sahay, Am: Appeal In This Case Has Been Filed By The Revenue Against The Order Dated 12.09.2023 Of Ld. Cit(A), National Faceless Appeal Centre (Nfac), Delhi.

disallowance of expenditure in cash in violation of section 40A(3) of the I.T. Act, 1961 by ignoring the fact

M/S KAPSONS FASHION PVT. LTD.,CHANDIGARH vs. ACIT, C-2(1), CHANDIGARH

In the result, all the appeals filed by the assessee are partly allowed for statistical purposes

Bench: Smt.Diva Singh & Smt.Annapurna Guptaआयकर अपील सं./ Ita Nos.1014 To 1016/Chd/2017 "नधा"रण वष" / Assessment Years : 2011-12 To 2013-14

section 40A(3) of the Act and accordingly, disallowed the same. The Ld.CIT(A) upheld the disallowance so made by the AO. 38. Before

SHRI SUBHASH SHARMA,CHANDIGARH vs. ITO, W-2(3), CHANDIGARH

In the result, the ground of appeal is allowed for statistical purposes

Bench: This Tribunal, As Pointed Out By The Registry. The Assessee Has Filed An Application For Condonation Of Delay Alongwith Affidavit Of The Assessee. On Perusing The Application For Condonation Of Delay & Affidavit Of The Assessee, The Delay Of 15 Days In Filing The Appeal Before This Tribunal Is Condoned.

Section 40A(3) of the Act and therefore, he made a disallowance of Rs. 11,70,750/- invoking provisions of Section

SH. GURMAL SINGH H NO R-18 NEW GRAIN MARKET NEAR JAIN HOSPITAL, JALANDHAR BYEPASS ROAD, LUDHIANA,PUNJAB vs. THE DEPUTY COMMISSIONER OF INCOME TAX CENTRAL CIRCLE-3 LUDHIANA, PUNJAB

Appeal is dismissed

Bench: This Tribunal. The Assessee Is Aggrieved

disallowance u/s 40A(3) can be made because section 40A (3) states that where the assessee incurs an expenditure more