Disallowance u/s 40A(3) for making cash payments - proof of ...

Case Laws Income Tax

September 1, 2021

Disallowance u/s 40A(3) for making cash payments - proof of business expediency - Assessee has also explained that the milk was to be lifted daily and the payments were to be collected in the evening which were to be made to the Verka Agency in the morning itself and further the Verka Milk Agency did not provide milk on credit basis and further the payment was made to the Union of Producers of milk. - Deduction allowed - AT

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Disallowance u/s 40A(3) for making cash payments - proof of ...

Case Laws Income Tax

September 1, 2021

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