High Court Denies Cash Payment Deduction Over Rs. 20,000 u/s 40A(3) of Income Tax Act; Compliance Required.

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....Deduction in respect of lorry charges paid in cash exceeding ₹ 20,000 under section 40A(3) denied - If the assessee has to claim exemption under section 40A(3), necessarily he has to comply with the statutory provision and the rules framed thereunder - HC....