https://www.taxtmi.com/caselaws?id=64365 The Tribunal dismissed the Revenue's appeal, upholding the CIT(A)'s decision to delete the disallowance of Rs. 10,02,58,664 under Section 40A(3) of the Income Tax Act. It was determined that the assessee's cash payments to agents for animal husbandry products were exempt under Rule 6DD clauses (f) and (l). The Tribunal emphasized that these payments, made through agents, did not violate Section 40A(3). The Tribunal's decision was supported by previous judicial decisions and CBDT Circulars, confirming the validity of the transactions. en-us Fri, 26 Sep 2008 00:00:00 +0530 Tue, 12 Dec 2023 15:23:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=64365 The Tribunal dismissed the Revenue's appeal, upholding the CIT(A)'s decision to delete the disallowance of Rs. 10,02,58,664 under Section 40A(3) of the Income Tax Act. It was determined that the assessee's cash payments to agents for animal husbandry products were exempt under Rule 6DD clauses (f) and (l). The Tribunal emphasized that these payments, made through agents, did not violate Section 40A(3). The Tribunal's decision was supported by previous judicial decisions and CBDT Circulars, confirming the validity of the transactions. Case-Laws Income Tax Fri, 26 Sep 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=64365