https://www.taxtmi.com/highlights?id=71862 Disallowance u/s 40A(3) - transactions and payments made in cash - assessee filed affidavits from sub-contractors of assessee firm and they insisted for cash payments to make payment to workers and confirmed the above payments - cash payments are made due to business expediency and being genuine transaction and the parties are identifiable, provisions of section 40A(3) cannot be applied - AT en-us Wed, 06 Sep 2023 16:03:33 +0530 Wed, 06 Sep 2023 16:03:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=71862 Disallowance u/s 40A(3) - transactions and payments made in cash - assessee filed affidavits from sub-contractors of assessee firm and they insisted for cash payments to make payment to workers and confirmed the above payments - cash payments are made due to business expediency and being genuine transaction and the parties are identifiable, provisions of section 40A(3) cannot be applied - AT Highlights Income Tax Wed, 06 Sep 2023 16:03:33 +0530 https://www.taxtmi.com/highlights?id=71862