TMI BlogSection 40A(3) Confirms Disallowance of Payments Over Rs. 20,000 Without Prescribed Methods, Even if Genuine.Disallowance u/s 40A(3) - splitting the payments in excess of ₹ 20,000 - Genuine and bona fide transactions are not taken out of the sweep of the section - addition/disallowance confirmed - AT ..... X X X X Extracts X X X X X X X X Extracts X X X X
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