TMI Blog2024 (3) TMI 890X X X X Extracts X X X X X X X X Extracts X X X X ..... erns violated Section 40A(3) as they were not made through an account payee cheque drawn on a bank, account payee bank draft or through the use of electronic clearing system through a bank account, and therefore, to fall within the ambit of the 1977 circular, the appellant/assessee was required to establish the genuineness of the transactions. The appellant/assessee having failed to do so, led to ..... X X X X Extracts X X X X X X X X Extracts X X X X
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