Tag: Whether re-opening of assessment is valid where cash payments over Rs. 20

Whether re-opening of assessment is valid where cash payments over Rs. 20,000/- made by assessee escape scrutiny u/s 40A(3)? This was the issue involved in the case of ITO Vs Mayuri Constructions, ITA No. 1740/Hyd/2018. Short Over view of the case: Issue involved ...