Section 40A(3) Exception: Cash Payments Over Rs. 20,000 for Fish Purchases from Fishermen Allowed Without Disallowance.

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....Applicability of provision of Section 40A(3) - purchase of fish in cash from the fishermen or the headman of the fisher - no disallowance even if any portion in a sum exceeding twenty thousand rupees is made to a person in a day - HC....