When moneys are paid/spent for purchase of stock-in-trade then ...
High Court Affirms Section 40A(3) Applies to Stock-in-Trade Purchases; Payments Must Be Via Account Cheque or Draft.
February 10, 2012
Case Laws Income Tax HC
When moneys are paid/spent for purchase of stock-in-trade then also the provisions of Section 40A(3) will apply since this amounts to expenditure.... - HC
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