Cash Payments for Scrap Purchases from State Transport Corporation Not Disallowed u/s 40A(3) If Genuine.

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....Applicability u/s 40A(3) - payments made in cash by the assessees to MSRTC for purchase of scrap in auction - no disallowance can be made u/s.40A(3) where genuineness of payment is not doubted. - AT....