COMNUSSIONER OF INCOME-TAX versus NARAN RAM CHIRANJI LAI
Business expense deductible No amount of more than Rs. 2500 should not be paid without cross check or cross bank. The bank is engaged in the business of manufacture and sale of brass utensils. Purchase of raw materials through commission agent on payment of cash. The Agent for the first time dealing with the Essential Firm is the Affiliate of the Commission Agent Firm that the Commission Agent deducted R 6DD (j) payments under the meaning of Section 40A (3) of the Income Tax Act, 1961, Tax rules, 1962, insist on cash payments and certified transactions with test purchases made under the circumstances. R 6DD (j)
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