No disallowance if assessee produced letter from agriculturists insisting cash payments as they don’t have bank a/c

INCOME-TAX : Where assessee, engaged in real estate business, purchased agricultural land and made cash payment towards purchase of land and assessee produced evidence by way of confirmation letters from 5 out of 8 sellers who were agriculturists to show that they insisted on cash payments as they do not have bank accounts , payments made to 5 agriculturists do not call for any disallowance under section 40A(3).

from www.taxmann.com Latest Case Laws https://www.taxmann.com/research/direct-tax-laws/top-story/101010000000314664/no-disallowance-if-assessee-produced-letter-from-agriculturists-insisting-cash-payments-as-they-don’t-have-bank-ac.aspx