whether cash payment made for purchase of fixed assets allowable or not.as i have read two different views of two renouned authors on this
as per girish ahuja sir's book - cash paid exceeding rs.20000 for purchase of capital assets is not disallowed under sec 40a(3)
as per singhania sir's book , it is written that cash paid for purchase of depriciable assets is disallowed u/s 40a(3)to the extent depriciation is claimed on such portion
please clarify the situation with decided case laws
whether exp on following exceeding rs.20000 be allowed or not
1.land rs.500000
2.car down payment rs.125000
3.machinery purchased rs.550000
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