Section 40A(3) of the Income-tax Act, 1961--Payments in excess of Rs. 2,500 to be made by crossed cheques or crossed bank drafts--Suspension of clearing operations by banks--Clarification regarding

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Suspension of cheque clearing qualifies as an exception to crossed cheque payment rules when evidence of genuine payment is supplied. Section 40A(3)'s disallowance for payments not made by crossed cheque or draft is inapplicable where the assessing officer is satisfied that payment could not be made by crossed cheque/draft due to exceptional or unavoidable circumstances
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Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.

Provisions expressly mentioned in the judgment/order text.

Suspension of cheque clearing qualifies as an exception to crossed cheque payment rules when evidence of genuine payment is supplied.

Section 40A(3)'s disallowance for payments not made by crossed cheque or draft is inapplicable where the assessing officer is satisfied that payment could not be made by crossed cheque/draft due to exceptional or unavoidable circumstances

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Section 40A(3) of the Income-tax Act, 1961--Payments in excess of Rs. 2,500 to be made by crossed cheques or crossed bank drafts--Suspension of clearing operations by banks--Clarification regarding

Suspension of cheque clearing qualifies as an exception to crossed cheque payment rules when evidence of genuine payment is supplied.

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Section 40A(3) of the Income-tax Act, 1961--Payments in excess of Rs. 2,500 to be made by crossed cheques or crossed bank drafts--Suspension of clearing operations by banks--Clarification regarding

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Suspension of cheque clearing qualifies as an exception to crossed cheque payment rules when evidence of genuine payment is supplied.

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