https://www.taxtmi.com/highlights?id=32203 Disallowance u/s 40A(3) - cash payments (in excess of ₹ 20,000 on each occasion) - purchase of its stock-in-trade (country liquor) - the relation between the assessee and vendor, both de facto and de jure, is one of "principal" and "agent" - expenses allowed - AT en-us Fri, 25 Nov 2016 09:45:13 +0530 Fri, 25 Nov 2016 09:45:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=32203 Disallowance u/s 40A(3) - cash payments (in excess of ₹ 20,000 on each occasion) - purchase of its stock-in-trade (country liquor) - the relation between the assessee and vendor, both de facto and de jure, is one of "principal" and "agent" - expenses allowed - AT Highlights Income Tax Fri, 25 Nov 2016 09:45:13 +0530 https://www.taxtmi.com/highlights?id=32203