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Income Tax - Highlights / Catch Notes

Home Highlights February 2014 Year 2014 This

Addition made u/s 40A(3) - cash payments – There is no ...


Section 40A(3) Allows Middlemen to Act as Agents for Different Parties Without Restriction on Cash Payments.

February 26, 2014

Case Laws     Income Tax     AT

Addition made u/s 40A(3) - cash payments – There is no prohibition or restriction on a middleman to work as agent of different parties, if he was acting on behalf of the assessee as agent - AT

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