Query regarding sec 40 a 3

With regard to the limit of Rs 35000 payment in cash i have a small queary :-

Whether the aforesaid limit applies to the company assessee eg. if a company makes a payment in relation to transportation contract where by a transporter is "hired" for providing goods transportation services

                                                                                             OR
 

The said limit applies to a goods transporter assessee and not to the company ????