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Income Tax - Highlights / Catch Notes

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Addition u/s 40A(3) - payments of expenditure in cash exceeding ...

Income Tax

May 15, 2018

Addition u/s 40A(3) - payments of expenditure in cash exceeding permeable limits - payments were made in cash for the business expediency of the assessee and as per requirement specified by BSNL. - even if the assessee does not fall in any of the clause of Rule 6DD, invoking the provisions of section 40A(3) can be dispensed with. - AT

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