Case Law Analysis
|Income Tax Appellate Tribunal
Section 40A(3) Income Tax Act | Cash Salary Payments Below Rs. 10,000 Per Day Per Employee Exempt from Disallowance : ITAT Delhi
ITAT Delhi clarifies that cash salary payments below Rs. 10,000 per day per employee do not attract disallowance under Section 40A(3), deleting a Rs. 21.6 crore addition. The ruling benefits businesses employing temporary staff on cash salaries, provided payments remain within the prescribed limit.