SURESH CHUNNILAL SHARMA,,PARBHANI vs. INCOME-TAX OFFICER, WARD - PARBHANI,, PARBHANI

In the result, the appeal is partly allowed for statistical

Bench: Shri R.S. Syalआयकर अपील सं. / Ita No.1883/Pun/2018 िनधा"रण वष" / Assessment Year : 2013-14

purchase of stock in trade otherwise than by a account payee cheque etc. Going with the mandate of the sub- section (3) of section 40A, disallowance is required in respect of such expenditure. 6. Now I need to ascertain if the assessee can get any succour under the first proviso to section 40A(3A), which carves out exceptions

ACIT, CIRCLE-1, NASHIK, NASHIK vs. TAPARIA TOOLS LIMITED, NASHIK

In the result, both the appeal of the Revenue as well as Cross Objection of the assessee are allowed for statistical purposes as per the terms indicated above