Held that though the payments to contractors are genuine and parties identifiable, disallowance is upheld. (AY. 2010-11)
Shree Buuilcon & Associates (2022) 195 ITD 671 (Pune)(Trib.)
S. 40A(3) : Expenses or payments not deductible-Cash payments exceeding prescribed limits-Payments to contractors-Transactions were genuine and parties identifiable-Disallowance is upheld. [R. 6DD(k)]