Skip to main content
← back
Informative

Non-Compliance With S.40A(3) in Cash Payments: ITAT Remands Case to CIT(A) With Rs.2,000 Cost

Update / Judgement Date

02 Apr 2025

Source

Taxscan

Author

Team — WCP Legal Desk

Reading Time

1 min read

Income Tax

ITAT remanded a case to the CIT(A) with ₹2,000 cost for non-compliance with Section 40A(3) in cash payments. The tribunal's decision ensures that procedural compliance is maintained. This ruling emphasizes the importance of following cash payment regulations. ITAT’s ruling ensures compliance. This decision is important for cash transactions.