2009 (8) TMI 48

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..... - The revenue has come forward with this appeal and the question of law raised is "whether in the facts and circumstances of the case, the Tribunal was right in holding that no disallowance under Section 40A(3) can be made where the assessee had admittedly made payment exceeding Rs.20,000/- other than by way of crossed cheque?" 2. The assessee succeeded before the Commissioner of Income Tax (....

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....n such cases and under such circumstances as may be prescribed, having regard to the nature and extent of banking facilities available, considerations of business expediency' and other relevant factors." 5. If we apply the specific stipulations contained in the proviso, we find that it depends upon the nature and extent of banking facilities available, considerations of business expediency and ....