Commissioner of Income-tax Versus Commissioner of Income-tax - Income Tax - KARNATAKA HIGH COURT - HC - Violation of section 40A(3) - payment in cash in excess of prescribed limit - Held that - The assessee is a scrap dealer purchasing scrap from the Railways - Railways is a concern of the Union of India. If any cash is paid towards purchase of the scrap the same cannot be disputed by the revenue since such payment has to be considered as a legal tender - Decided against Revenue. - 2013 (12) TMI................................... Income Tax - Case Laws
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