https://www.taxtmi.com/highlights?id=7097 Disallowance u/s 40A(3) - Cash payment - Section 40A(3) is not applicable when the net profit rate was applied by the AO and once a net profit rate is applied the expenses are deemed to be considered while applying the net profit rate. - HC en-us Tue, 12 Mar 2013 05:26:27 +0530 Tue, 12 Mar 2013 05:26:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=7097 Disallowance u/s 40A(3) - Cash payment - Section 40A(3) is not applicable when the net profit rate was applied by the AO and once a net profit rate is applied the expenses are deemed to be considered while applying the net profit rate. - HC Highlights Income Tax Tue, 12 Mar 2013 05:26:27 +0530 https://www.taxtmi.com/highlights?id=7097