https://www.taxtmi.com/circulars?id=4621 Payments made otherwise than by crossed cheque or bank draft will not be disallowed if the taxpayer establishes the genuineness of the payment, identifies the payee, and persuades the tax officer that payment fell within exceptions such as exceptional or unavoidable circumstances or impracticability or genuine difficulty for the payee. Illustrative examples include new trading relationships, absence of bank accounts, bank holidays, seller refusal, commission agent requirements, and cash discounts. A seller's letter with identification particulars is recommended and the tax officer must record satisfaction before allowing the benefit. en-us Tue, 31 May 1977 00:00:00 +0530 Thu, 31 Jul 2008 16:44:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=4621 Payments made otherwise than by crossed cheque or bank draft will not be disallowed if the taxpayer establishes the genuineness of the payment, identifies the payee, and persuades the tax officer that payment fell within exceptions such as exceptional or unavoidable circumstances or impracticability or genuine difficulty for the payee. Illustrative examples include new trading relationships, absence of bank accounts, bank holidays, seller refusal, commission agent requirements, and cash discounts. A seller's letter with identification particulars is recommended and the tax officer must record satisfaction before allowing the benefit. Circulars Income Tax Tue, 31 May 1977 00:00:00 +0530 https://www.taxtmi.com/circulars?id=4621