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expenses

This query is : Resolved 
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(Querist)
18 August 2010 AN ASSESSEE PURCHASED A MOTORCYCLE FROM A SHOP ON CASH PAYMENT AND AO IS INVOKING SEC40A(3)AND DISALLOWING PAYMENT SO WHETHER ANY REMEDY IS AVAILABLE TO ASSESSEE.
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CA.Amit Revankar

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CA.Amit Revankar (Expert)
18 August 2010 no, i dont see any remedy.
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CMA. Subhash Kumar Jha

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CMA. Subhash Kumar Jha (Expert)
18 August 2010 Legally speaking.... it will not be allowed.
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