Disallowance u/s 40A - cash payment exceeding fixed limits - ...

Tax Assessment: No Additions for Cash Payments Over Limit; Payee's Identity Proven Genuine Under Sec. 40A.

September 15, 2020

Case Laws Income Tax HC

Disallowance u/s 40A - cash payment exceeding fixed limits - Payee was identifiable and not a fictitious person would go to show the bonafides of the transaction and this is what is required to be considered from the angle of a commercially expedient and prudent business house - No additions - HC

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Disallowance u/s 40A - cash payment exceeding fixed limits - ...

Tax Assessment: No Additions for Cash Payments Over Limit; Payee's Identity Proven Genuine Under Sec. 40A.

September 15, 2020

Case Laws Income Tax HC

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