Case Law Details
Case Name : Sumit Industries Vs. ITO (ITAT Jodhpur)
Related Assessment Year : 2012-13
Courts :
All ITAT ITAT Jodhpur
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Sumit Industries Vs. ITO (ITAT Jodhpur)
The brief facts of the case are that the assessee has made payment in cash otherwise than by an account payee cheque drawn on a bank or account payee bank draft in excess of twenty thousand rupees aggregating in a single day in contravention of section 40A(3) of the Act. Since the assessee has incurred expenditure otherwise than an account payee cheque exceeding Rs. 20,000/-, no deduction shall be allowed in respect of such expenditure. Hence, an amount of Rs.1,86,628/- is disallowed under section
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can i paid mseb bill in cash of rs.30000