Direct Expense Incurred for Purchase of Construction Material shall not be Disallowed u/s 40A(3)of Income Tax Act: ITAT [Read Order]

By Aparna. M - On June 13, 2023 8:30 pm - 2 mins read
Direct expense - Construction Material - Purchase of Construction Material - Direct Expense Incurred for Purchase of Construction Material - Income Tax Act - ITAT - Income Tax - taxscan

The Delhi bench of Income Tax Appellate Tribunal (ITAT) has recently held that direct expenses incurred for the purchase of construction material should not be disallowed under Section 40A(3) of Income Tax Act,1961. The aforesaid appeal was filed by the revenue against the order of Commissioner of Income Tax (Appeals),who deleted  addition made on the direct…

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