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Income Tax - Highlights / Catch Notes

Home Highlights August 2012 Year 2012 This

Invoking provisions of section 40A(3) - cash payment - As it is ...

Case Laws     Income Tax

August 10, 2012

Invoking provisions of section 40A(3) - cash payment - As it is the requirement of these agents to make the payment in cash for goods, i.e. milk, to the cattle owners, who belong to economically weaker section, on behalf of the assessee the impugned payments are squarely covered by the exceptions provided in clause (l) of Rule 6DD - AT

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