https://www.taxtmi.com/highlights?id=31173 Disallowance of Expenses u/s.40(A)(3) - cash payments made to Electricity Company for the supply of Electricity. - the paramount consideration of section 40A(3) is to curb and reduce the possibilities of black money transactions and section does not eliminate considerations of business expediencies. - AT en-us Mon, 12 Sep 2016 19:35:26 +0530 Mon, 12 Sep 2016 19:35:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=31173 Disallowance of Expenses u/s.40(A)(3) - cash payments made to Electricity Company for the supply of Electricity. - the paramount consideration of section 40A(3) is to curb and reduce the possibilities of black money transactions and section does not eliminate considerations of business expediencies. - AT Highlights Income Tax Mon, 12 Sep 2016 19:35:26 +0530 https://www.taxtmi.com/highlights?id=31173