Sec. 40A(3) disallowances couldn't be attracted if identity of sellers amp; source of cash payment were established

INCOME TAX : Where transactions of payments made in cash by assessee for purchase of land were duly recorded in its books of account and also disclosed in its return of income filed before date of search of assessee, these transactions could not be considered as incriminating material found during course of search so as to initiate impugned proceedings under section 153A(3) upon assessee

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