Home / 
Cash Payments for Electricity to Jodhpur Vidyut Vitran Allowed Under Income Tax Act's Section 40A(3) Due to Business Necessity.
X X X X Extracts X X X X
X X X X Extracts X X X X
....Disallowance of electricity payment paid in cash to Jodhpur Vidyut Vitran Nigam Limited u/s 40A(3) - there was business expediency of making cash payments so that there is no disruption in supply of electricity required to operate the MRI and CT scan machines. - being a case of genuine business transaction and test of business expediency been satisfied.....
TaxTMI
TaxTMI