Disallowance under section 40A(3) - Cash purchase - cash ...

Case Laws Income Tax

October 3, 2020

Disallowance under section 40A(3) - Cash purchase - cash payments through truck drivers - According to the assessee, the truck driver acts as an agent of the assessee. - There is no privity of contract between the person receiving the sums in cash and the assessee and the truck driver. Such payments are not protected under rule 6 DD (k) of the Rules. On this premise, we reject contention of the assessee. - AT

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Disallowance under section 40A(3) - Cash purchase - cash ...

Case Laws Income Tax

October 3, 2020

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