Held that the assessee claimed that out of payment of Rs. 72,450 paid to various transporters each payment was less than Rs. 35,000 paid to more than single person on various dates and therefore, the matter was remanded to the Assessing Officer to consider the claim of the assessee.(AY.2014-15)
Kamal Industries v. ITO (2024)111 ITR 32 (SN) (Jodhpur)(Trib)
S. 40A(3) : Expenses or payments not deductible-Cash payments exceeding prescribed limits-Transporters-Each payment was less than Rs 35000/-Matter remanded.