Tuesday, 7 April 2015

Payment made to Govt. notified agencies couldn't deemed as direct payment to Govt.; sec. 40A(3) disa

IT: Where assessee, engaged in distributing food grains and Kerosene under PDS scheme, made cash payments to agencies notified by Government, it could not be regarded as payment directly made to Government and, thus, disallowance made under section 40A (3) deserved to be confirmed


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