Payment in cash against advance

Dharmesh Gohil (CA final) (21 Points)

15 March 2018  

I trade in electronics..

A customer has paid advance of Rs 30000 in cash..

After few days he says he is not willing to buy anything from me and I return whole cash to him in a single day..

Will this attract sec 40a(3) or 269SS,269T?? or it will b allowed as deduction?