Dismissing the appeal of the revenue , the Court held that , cash payments exceeding prescribed limits to farmers is covered by exception hence no disallowance can be made ( AY.2008 -09)
PCIT v. Keshvalal Mangaldas (2018) 257 Taxman 133 (Guj)( HC)
S. 40A(3) :Expenses or payments not deductible – Cash payments exceeding prescribed limits -Payments to farmers is covered by exception- No disallowance can be made .[ R.6DD ( e) (i)]