07 January 2014
In my view, the words 'any expenditure' and 'such expenditure' indicate that if payment for an expenditure is made in excess of Rs. 20,000/- in a single day in cash then such expenditure shall be disallowed. Since in your case there are two different expenditures even though the reciepient is the same, it should not be hit by section 40A(3).
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