https://www.taxtmi.com/caselaws?id=37800 Payments made for purchases fall within the wide meaning of "expenditure" under section 40A(3) of the Income-tax Act and are not limited to overhead expenses covered by sections 30 to 43A. Cash payments for purchases, when made in sums exceeding the statutory limit, are therefore liable to disallowance under that provision. The question was answered in favour of the Revenue and against the assessee. en-us Mon, 03 Apr 1978 00:00:00 +0530 Thu, 01 Apr 2010 11:52:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=37800 Payments made for purchases fall within the wide meaning of "expenditure" under section 40A(3) of the Income-tax Act and are not limited to overhead expenses covered by sections 30 to 43A. Cash payments for purchases, when made in sums exceeding the statutory limit, are therefore liable to disallowance under that provision. The question was answered in favour of the Revenue and against the assessee. Case-Laws Income Tax Mon, 03 Apr 1978 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=37800