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Income Tax - Highlights / Catch Notes

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Disallowance u/s. 40A(3) - payment made to the truck drivers in ...

Case Laws     Income Tax

June 5, 2017

Disallowance u/s. 40A(3) - payment made to the truck drivers in cash - Where cash payments are made under bonafide conditions and no doubt is raised over genuineness of the payments and the payees are identifiable; no disallowances u/s. 40A(3) is warranted. - AT

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