1989 (1) TMI 82

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....plication under section 256(2) of the Income-tax Act, 1961, for a direction to the Income-tax Appellate Tribunal, Allahabad Bench, Allahabad, to refer certain questions of law for the opinion of this court, arising out of the order dated July 28, 1987, passed by the Income-tax Appellate Tribunal, Allahabad Bench, Allahabad. In the assessment year 1982-83, a sum of Rs. 68,824 which is in dispute....

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.... of an amount exceeding Rs. 2,500 otherwise than by crossed cheques or drafts may not be disallowed under section 40A(3) aforesaid. According to the assessee's case, the disputed payments were made in cash at the instance of the creditors after banking hours. To substantiate his case, the assessee produced the persons to whom those payments were made for cross-examination by the Assessing Offic....