No disallowance u/s 40A(3) if ultimate payments made to labours were below threshold limit: ITAT

INCOME TAX : Where AO made disallowance under section 40A(3) in respect of labour charges of Rs. 18 lakhs paid in cash by assessee, in view of fact that payment was not made on a single day to a single person and it was only a transfer entry for labour charges paid to various workmen at site and all payments were below Rs. 20,000 to each individual, impugned disallowance under section 40A(3) was to be deleted

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