expenses
This query is : Resolved
CA Anurag Shukla
(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.
CA.Amit Revankar
(Expert)
18 August 2010
no, i dont see any remedy.
18 August 2010
Legally speaking.... it will not be allowed.
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