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Income Tax - Highlights / Catch Notes

Home Highlights August 2012 Year 2012 This

Invoking provisions of section 40A(3) - cash payment - As it is ...


Cash Payments for Milk by Agents Exempt from Section 40A(3) Restrictions u/r 6DD Clause (l.

August 10, 2012

Case Laws     Income Tax     AT

Invoking provisions of section 40A(3) - cash payment - As it is the requirement of these agents to make the payment in cash for goods, i.e. milk, to the cattle owners, who belong to economically weaker section, on behalf of the assessee the impugned payments are squarely covered by the exceptions provided in clause (l) of Rule 6DD - AT

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