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CHANANA ASSOCIATES versus COMMISSIONER OF INCOME-TAX


Reference to business expenditure cash payment permits estimated in excess of Rs 2500 and under section 40 (a) (3) the separate increase for cash payments of over Rs 2500 is claimed to be non-payment. Due to minor circumstances or every payment was not accepted for less than Rs. 2500, in the absence of evidence, the finding of a tribunal based on the definition of tribunal evidence does not raise the question of law where income is estimated. There has been no payment of cash, whether the application under section 256 (2) of the Indian Income Tax Act, 1961 was rejected. Is given, section 40 (a) (3) and 256 (2)

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