purchase of land

shiv shankar (Querist) 28 March 2011 This query is : Open
if the vendor is not agree to sale the land through cheque payment and the company is bound to purchase the land in cash (the company has cash balance to purchase the said land), than whether this expense is allowed for deduction as the company has the business of selling and purchasing land.

if it is disallowed than what are the limitation of cash purchase.

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