[aaykarbhavan] AO can’t invoke disallowance for cash payment unless assessee gets an opportunity to prove his claim

AO can't invoke disallowance for cash payment unless assessee gets an opportunity to prove his claim

June 16, 2014[2014] 45 taxmann.com 349 (Kerala)

IT: Disallowance as required under section 40A(3) can be made only if there is proper material available either in returns or records accompanying reports and after affording opportunity to assessee to prove his case

 

Regards

Prarthana Jalan

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Posted by: Prarthana Jalan <prarthanajalan@ymail.com>

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