Wednesday, August 1, 2018

Cash payments exceeding Rs. 20,000 made to farmers to purchase 'paddy' won't invite sec. 40A(3) disallowance: SC

IT : Section 40A(3) being deeming provision, rule 6DD clearly exempts agricultural produce (i.e.,) 'paddy', from rigours of section 40A(3); thus, disallowance of cash payments to farmers made under section 40A(3) was unjustified; SLP dismissed

from www.taxmann.com Latest Case Laws https://ift.tt/2O2iYU5
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