Disallowance on the ground of section 40A(3) of the Income Tax ...
High Court Rules Section 40A(3) Does Not Disallow Cash Payments to Kachcha Arahtiya in Commission Agency Business.
September 27, 2013
Case Laws Income Tax HC
Disallowance on the ground of section 40A(3) of the Income Tax Act – Cash payment in excess of Rs. 20,000 to Arahtiya - kachcha Arahtiya - purchases were made in the present case in commission agency business from the farmers - no disallowance - HC
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