INCOME TAX : Where assessee, engaged in land dealing and development, purchased certain lands through cash payments and treated said lands as its stock-in-trade, since cash payments were not claimed as deduction under business head, no disallowance under section 40A(3) could be made by Assessing OfficerINCOME TAX : Where assessee, engaged in land dealing and development, purchased certain lands through cash payments and treated said lands as its stock-in-trade, since cash payments were not claimed as deduction under business head, no disallowance under section 40A(3) could be made by Assessing Officerwww.taxmann.com Latest Case LawsRead More