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Income Tax - Highlights / Catch Notes

Home Highlights June 2016 Year 2016 This

Applicability u/s 40A(3) - payments made in cash by the ...


Cash Payments for Scrap Purchases from State Transport Corporation Not Disallowed u/s 40A(3) If Genuine.

June 11, 2016

Case Laws     Income Tax     AT

Applicability u/s 40A(3) - payments made in cash by the assessees to MSRTC for purchase of scrap in auction - no disallowance can be made u/s.40A(3) where genuineness of payment is not doubted. - AT

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