No disallowance for cash payment on insistence of seller as payment proof proved genuineness of transaction

November 7, 2014[2014] 49 taxmann.com 363 (Andhra Pradesh)/[2014] 367 ITR 200 (Andhra Pradesh)

IT : Where assessee made payment in cash on insistence of seller and there was no doubt about genuineness of payment, no disallowance could be made under section 40A(3)