Section 40A(3) of Income Tax Act: Cash Payments Over Rs. 20,000 Restricted, Bearer Cheques Not a Justification.

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....Applicability of provisions of sec. 40A(3) - cash payments exceeding Rs.20,000 - hardship or inconvenience - payments made by bearer cheques which had to be encashed in the banks only and, therefore, the argument that the payment had to be made in cash to the agriculturists is not acceptable. - AT....