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Income Tax - Highlights / Catch Notes

Home Highlights January 2017 Year 2017 This

Cash expenditure in excess of ₹ 20,000 - the contention ...


Cash Payments Over Rs. 20,000 Allowed; No Disallowance u/s 40A(3) Due to Supplier Cash Demands.

January 25, 2017

Case Laws     Income Tax     AT

Cash expenditure in excess of ₹ 20,000 - the contention that the suppliers at different locations insisting on cash payments thereon has to be accepted and cannot be doubted / faulted with - no disallowance u/s 40A(3) of the Act is warranted - AT

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