Section 40A(3) Addition: Cash Payments on Holidays Questioned Due to Banking Access in Hyderabad Property Transactions.

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....Addition made u/s 40A(3) - Cash payment made on Holiday - Most of the parties mentioned hereinabove were in Hyderabad. The properties sold by them might be situated outside Hyderabad. Being so, it cannot be concluded that the recipients were having no bank accounts or access to the banking facilities - AT....