Tag Archives: Cash Payment

Cash Payment Exceeding 20000 can be made if genuineness of transactions and payment and identity of the receiver are established

Held Tribunal has not disbelieved the transactions or the genuineness thereof. Nor has it disbelieved the fact of payments having been made. More important, the reasons furnished by the appellant for having made the cash payments, which we have already adverted to, have not been disbelieved. In our view, assuming these reasons to be correct,… Read More »