S. 40A(3) :Expenses or payments not deductible-Cash payments exceeding prescribed limits-Cash payments to transporters in excess of Rs. 20,000 in a single day to a person-Disallowance is justified.[R.6DD]
R.K. Powergen (P.) Ltd. v. ACIT (2023) 200 ITD 427 (Chennai) (Trib.)