Cash Payment Rule in Section 40A(3) Doesn't Apply to Capital Item Purchases.
X X X X Extracts X X X X
X X X X Extracts X X X X
....Disallowance u/s 40A(3) - cash payment - There is no case of addition of section 40A(3) with regard to purchases that were made on account of capital items - AT....


TaxTMI