AO can’t invoke sec. 154 to make disallowance for cash payments made by assessee exceeding prescribed limit: ITAT

INCOME TAX : Disallowance of an amount u/s. 40A(3) cannot be brought within realm of a mistake which could be held as being in nature of a mistake which is glaring, patent, apparent and obvious from record, thereby rendering assessment order passed by AO amenable for rectification under section 154INCOME TAX : Disallowance of an amount u/s. 40A(3) cannot be brought within realm of a mistake which could be held as being in nature of a mistake which is glaring, patent, apparent and obvious from record, thereby rendering assessment order passed by AO amenable for rectification under section 154www.taxmann.com Latest Case LawsRead More

Leave a Reply