Sec. 40a(3) urgent ..............


This query is : Resolved 

04 November 2008 Weather it is allowed to make single payment in cash less then 20000/- but at different times in a same day aggaragating to more then Rs. 20000/- in a day to a single creditor against purchase of goods u/s. 40a(3) in relation to A.Y. 2006-07 & earlier years?
pls. provide case law for reference.

Taxguy (Expert)
04 November 2008 Karnataka High Court in Mungi Brothers vs. CIT


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