https://www.taxtmi.com/highlights?id=59467 Disallowance u/s 40A(3) for making cash payments - proof of business expediency - Assessee has also explained that the milk was to be lifted daily and the payments were to be collected in the evening which were to be made to the Verka Agency in the morning itself and further the Verka Milk Agency did not provide milk on credit basis and further the payment was made to the Union of Producers of milk. - Deduction allowed - AT en-us Wed, 01 Sep 2021 08:57:42 +0530 Wed, 01 Sep 2021 08:57:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=59467 Disallowance u/s 40A(3) for making cash payments - proof of business expediency - Assessee has also explained that the milk was to be lifted daily and the payments were to be collected in the evening which were to be made to the Verka Agency in the morning itself and further the Verka Milk Agency did not provide milk on credit basis and further the payment was made to the Union of Producers of milk. - Deduction allowed - AT Highlights Income Tax Wed, 01 Sep 2021 08:57:42 +0530 https://www.taxtmi.com/highlights?id=59467