Tuesday, September 10, 2019

No question of law arose against order of ITAT confirming disallowance as cash payments exceeded threshold limit

INCOME TAX : Where assessee filed a revised copy of account qua transactions of payment made to its subsidiary showing that all payments were below Rs. 20,000 and revenue had came to a factual finding that revised statement of account was not genuine and was submitted with attempt to fall outside ambit of section 40A(3), no substantial question of law arose under section 260A against said order

from www.taxmann.com Latest Case Laws https://ift.tt/2ZPVefu

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