DY. C.I.T. CENTRAL CIR.-1(3), NAGPUR vs. M/S GIGEO CONSTRUCTION CO.PVT. LTD, NAGPUR

In the result, appeal filed by the assessee for the A

Bench: Shri V. Durga Rao & Shri K.M. Roy, Accountant, Member

40A(3) are clear in as much as any payment made to a person above Rs.20,000/- in a day other than by account payee cheque or bank draft is not allowable as deduction subject to certain exemptions in Rule 6DD and financial difficulties and business expediency are not covered by the exemptions in Rule 6DD. 2. On the facts

DY. C.I.T. CENTRAL CIR.-1(3), NAGPUR vs. M/S GIGEO CONSTRUCTION CO.PVT. LTD, NAGPUR

In the result, appeal filed by the assessee for the A