Section 40A(3) – Payment to milk producers in cash not disallowable

 ITAT HYDERABAD BENCH ‘A’ Deputy/Assistant Commissioner of Income-tax, Circle 2(2), Hyderabad versus Heritage Foods (India) Ltd. IT Appeal Nos. 39 & 1433 (Hyd.) of 2008 [Assessment years 2004-05 & 2005-06] July 27, 2012 ORDER D. Karunakara Rao, Accountant Member These two appeals filed by the Revenue against two separate orders of the Commissioner of Income-tax(Appeals)-III, Hyderabad dated 7.11.2007 for the AY 2004-05 and dated 10.7.2008 for the AY 2005-06. Since only a common issue is involved, these two appeals are being disposed off by this common ord...