[aaykarbhavan] No disallowance for cash payment on insistence of seller as payment proof proved genuineness of transaction

No disallowance for cash payment on insistence of seller as payment proof proved genuineness of transaction

November 7, 2014[2014] 49 taxmann.com 363 (Andhra Pradesh)/[2014] 367 ITR 200 (Andhra Pradesh)

IT : Where assessee made payment in cash on insistence of seller and there was no doubt about genuineness of payment, no disallowance could be made under section 40A(3)

 

Regards

Prarthana Jalan

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Posted by: Prarthana Jalan <prarthanajalan@ymail.com>

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