Can insistence of cash payment by vendors be considered a necessity for reversal of disallowance by Ld.CIT(A)?

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Last updated: 03 August 2021
Quick Summary
This case involves a developer who purchased land, with a portion of the payment made in cash. The Assessing Officer disallowed the cash portion under Section 40(A)(3) of the Income Tax Act, partly because the payment was made to an organisation rather than the direct vendors. The assessee argued they acted as agents and the profit was commission, but the disallowance was upheld.

Court :
ITAT Bangalore

Brief :
Present appeal has been filed by assessee against order dated 20/06/2018 passed by the Ld.CIT(A)-6, Bangalore for assessment year 2013-14 on following grounds of appeal: 

Citation :
ITA No.2272/BANG/2018

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