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Income Tax - Highlights / Catch Notes

Home Highlights January 2019 Year 2019 This

Disallowance u/s 40A(3) - The Bank report would indicate that ...

Income Tax

January 1, 2019

Disallowance u/s 40A(3) - The Bank report would indicate that demand drafts were admittedly not crossed. However, the payments were credited into the accounts of the payees. Therefore, the object with which Section 40A(3) was promulgated stands satisfied with such material.

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