Disallowance u/s 40A(3) - The Bank report would indicate that ...
Case Laws Income Tax
January 1, 2019
Disallowance u/s 40A(3) - The Bank report would indicate that demand drafts were admittedly not crossed. However, the payments were credited into the accounts of the payees. Therefore, the object with which Section 40A(3) was promulgated stands satisfied with such material.
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