TMI BlogAdditions u/s 40A(3) - Purchase payments in cash in contravention to the provisions of section 40 A(3) -...Additions u/s 40A(3) - Purchase payments in cash in contravention to the provisions of section 40 A(3) - the assessee is merely facilitator and intermediary in the transaction and his receipts assessable to tax constitute the margin between the price obtained and further paid but not the entire receipts which stands further passed on to the two ticketing agencies, we hereby hold that the provisions u/ s 40A(3 ) are not attracted. - AT ..... X X X X Extracts X X X X X X X X Extracts X X X X
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