[aaykarbhavan] Payment to villagers not having any bank account during holidays shielded from sec. 40A(3) disallowance

 

Payment to villagers not having any bank account during holidays shielded from sec. 40A(3) disallowance

March 27, 2014[2014] 42 taxmann.com 508 (Visakhapatnam - Trib.)

IT: Where persons to whom cash payments exceeding rupees 20,000 were made were villagers and they did not have bank accounts and payment had to be made to them immediately to secure lands on holidays and Sundays, said payments could not be disallowed under section 40A(3)

Regards

Prarthana Jalan

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