Cash payment of Rs 10000

Do not exceeding Rs 2lakhs

@ ghanashyam
THE PROVISIONS ARE EXPLICITLY EXPLAINED IN SEC 269SS .
RS. 10000 IS A CAP ON A SINGLE TRANSACTION .
IT CAN BE EASILY PAID ON DIFFERENT MUTUAL AGREEMENTS SUBJECT TO THE PROVISIONS MENTIONED in Sec 40A (3).

Section 269ST in the Income Tax Act bans such transactions in cash amounting to Rs 2 lakh or more on a single day, in respect of a single transaction or transactions relating to one event or occasion from an individual

The cash payment of 10000/- for 20 times you can pay for one deal that is 2 lakhs. Beyond that if you pay for that event, you are hit by section 269ST. Here the limit is not per FY but till it reaches 2 lakhs.
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What type of deal it is ?

if it is a case of transfer of immoveable property them 269SS apply otherwise not applicable.

40A(3) apply for ---business expenditure ---and not for anything else.
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Sabyasachi,
What provisions are explicitely in 269SS which apply in this query. ???
10000/- cap on a single transaction under what ???
which 40A(3) provisions ???
??????? base ??

@ GHANASHYAM
YOUR QUERY IS FOR BUSINESS IT SEEMS.

1. As explained by Pravin Ji. You will be hit by sec 40A(3) which deals with a cash payment in excess of Rs. 10,000 per day to a single person in a day. 
2. Limit specified u/s 40A(3) relating to cash payment is only in relation to a cash payment and sec 269SS or 269ST does not bar payments in cash. 
3. Another section which bars cash payments is sec 269T, which also deals with repayment of loan or advance. 
4. Disallowance will be attracted only in case if the cash payments exceed Rs. 10,000 in a year relating to business expenses.  
Please correct me if the above solution has an alternative view.