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Income Tax - Highlights / Catch Notes

Home Highlights October 2012 Year 2012 This

Payments made in excess of Rs.20,000/- in cash was not a ...


Cash Payments Over Rs.20,000 to Associates Not Justified for Disallowance Deletion u/s 40A(3) of Income Tax Act.

October 15, 2012

Case Laws     Income Tax     AT

Payments made in excess of Rs.20,000/- in cash was not a justifiable reason for deleting the disallowance under Section 40A(3) of the Act as payment is made to associate concern. - AT

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