Thursday, December 5, 2019

No disallowance of cash payments though assessee didn't produce identity of farmers to whom payments were made

INCOME TAX : Cash payment exceeding prescribed limit made to farmers for purchase of agricultural produce and entered in books of account cannot be disallowed under section 40A(3) for failure of assessee to produce farmers/list of farmers

from www.taxmann.com Latest Case Laws https://ift.tt/2Lqc2Be
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