Section 40A(3): No Disallowance for Excessive Payments If Business Expediency and Party Genuineness Are Established

Vivek Jalanpro badge , Last updated: 26 November 2024  
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Excessive payment u/s 40A(3) are not disallowed in case it can be established as follows- Payments have to be made for the assessee's business to not suffer or be hampered. Expenses that are sometimes not predictable or planned Expenses are extremely essential The nature of the assessee's

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Vivek Jalan
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Category Income Tax   Report

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