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1991 (1) TMI 77 - ALLAHABAD HIGH COURTExtract: .......ery of the goods, it is payment in cash and it is payment of consideration for the goods. We, accordingly, hold that this payment of Rs. 25,000 in cash on December 10, 1974, is hit by sub-section (3) of section 40A. This question is, therefore, answered in the affirmative, that is in favour of Revenue and against the assessee. No order as to costs.
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