No sec. 40A(3) disallowance if it was mandatory to purchase material in cash to complete construction in time

IT : Where assessee developer made payments exceeding Rs. 20,000 for purchase of construction materials on bank holidays, since assessee being developer was bound to complete work in a time bound manner and construction activities were carried out continuously even during holidays, therefore, assessee was required to procure materials on public holidays to avoid break in process of construction, said payments could not be disallowed under section 40A(3)

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