8 results for “disallowance”+ Section 40A(7)(b)clear
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In the result, the appeal of the Revenue is partly allowed
Bench: Shri Rajpal Yadav, Vice-(Kz) & Shri Rajesh Kumar
section 271(1)(b) for non-compliance of the notices at the end of the assessee. Ultimately the ld. Assessing Officer gone through the books of account submitted before her and made these two additions by recording the following finding:- “Addition u/s 40A(3) for payments exceeding Rs.20,000/- through bearer cheques:- On perusal of Books