Disallowance of Expenses u/s.40(A)(3) - cash payments made to ...

Section 40A(3) scrutinizes cash payments over limits to Electricity Company, targeting black money and allowing business needs.

September 12, 2016

Case Laws Income Tax AT

Disallowance of Expenses u/s.40(A)(3) - cash payments made to Electricity Company for the supply of Electricity. - the paramount consideration of section 40A(3) is to curb and reduce the possibilities of black money transactions and section does not eliminate considerations of business expediencies. - AT

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Disallowance of Expenses u/s.40(A)(3) - cash payments made to ...

Section 40A(3) scrutinizes cash payments over limits to Electricity Company, targeting black money and allowing business needs.

September 12, 2016

Case Laws Income Tax AT

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