https://www.taxtmi.com/caselaws?id=440718 Cash expenditure was held outside the scope of disallowance where each payment in a day remained below the statutory threshold under section 40A(3) as applicable before the Finance Act, 2017 amendment. The provision applies only when payment, or aggregate payment to a person in a day, exceeds the prescribed limit and is made otherwise than by account payee cheque or bank draft. An allegation that the cash payments were split to avoid tax deduction at source did not, by itself, satisfy the statutory condition. The disallowance was therefore unsustainable and the addition was deleted. en-us Fri, 21 Jul 2023 00:00:00 +0530 Tue, 25 Jul 2023 08:14:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=440718 Cash expenditure was held outside the scope of disallowance where each payment in a day remained below the statutory threshold under section 40A(3) as applicable before the Finance Act, 2017 amendment. The provision applies only when payment, or aggregate payment to a person in a day, exceeds the prescribed limit and is made otherwise than by account payee cheque or bank draft. An allegation that the cash payments were split to avoid tax deduction at source did not, by itself, satisfy the statutory condition. The disallowance was therefore unsustainable and the addition was deleted. Case-Laws Income Tax Fri, 21 Jul 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=440718