TMI BlogAddition u/s 40A(3) - cash payments in excess of the limit prescribed - each payment, on each day to...Addition u/s 40A(3) - cash payments in excess of the limit prescribed - each payment, on each day to each person was less than ₹ 20,000/- in cash - There were both purchases and sales from each of the parties and it was only the difference that was settled in cash on various dates - no violation of Section 40A(3) ..... X X X X Extracts X X X X X X X X Extracts X X X X
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