Where assessee, engaged in business of country liquor, had to make cash payments in excess of prescribed limits to two dealers in order to maintain sufficient stock of liquor as prescribed by Excise Department, exception provided in provisions of section 40A(3) with regard to business expediency was applicable to assessee's case and, thus, impugned disallowance made by Assessing Officer was to be deleted
Refer:[2016] 70 taxmann.com 319 (Kolkata - Trib.)
Refer:[2016] 70 taxmann.com 319 (Kolkata - Trib.)