Tribunal held that the assessee had brought on record all necessary evidences to show that all payments made by assessee-company to suppliers were by way of cheques, said payments were not hit by section 40A(3) of the Act. (AY. 2009-10)
Ramesh Exports (P.) Ltd. v. DCIT (2020) 185 ITD 551 (Bang.)(Trib.)
S. 40A(3) : Expenses or payments not deductible-Cash payments exceeding prescribed limits-Payments were made by Cheques-Disallowance is held to be not justified.