334 ITR

Sec. 40A(2)

Calcutta H.C : Where assessee took care to purchase materials for business by way of account payee cheques from a third party and after three years said third party did not appear before Assessing Officer pursuant to notice or even had stopped business, claim of assessee on that account could not be discarded as non-existent

High Court Of Calcutta Diagnostics vs. CIT Bhaskar Bhattacharya And Sambuddha Chakrabarti, JJ. Assessment Year : 1998-99 Section : 40A(2)

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