https://www.taxtmi.com/circulars?id=4928 The amendments raising monetary ceilings were made effective from 1 4 1989. The amended payment restriction provisions apply to payments or repayments made on or after 1 4 1989, while the amendment affecting disallowance under the business expense rule applies to payments made in the previous year relevant to the assessment year 1989 90 and subsequent years. en-us Wed, 17 Aug 1988 00:00:00 +0530 Mon, 04 Aug 2008 18:21:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=4928 The amendments raising monetary ceilings were made effective from 1 4 1989. The amended payment restriction provisions apply to payments or repayments made on or after 1 4 1989, while the amendment affecting disallowance under the business expense rule applies to payments made in the previous year relevant to the assessment year 1989 90 and subsequent years. Circulars Income Tax Wed, 17 Aug 1988 00:00:00 +0530 https://www.taxtmi.com/circulars?id=4928