https://www.taxtmi.com/caselaws?id=67286 The Tribunal upheld the Appellate Assistant Commissioner's decision to delete the addition of Rs. 5,595 made by the Income-tax Officer under Section 40A(3) in the assessment year 1974-75. The Tribunal found that the nature of the assessee's business, involving purchases from petty hawkers for raw materials due to lack of banking facilities, justified the cash payments and fell within the exceptions provided in Rule 6DD(j). As such, the Tribunal dismissed the Revenue's appeal, ruling in favor of the assessee. en-us Tue, 28 Sep 1976 00:00:00 +0530 Wed, 09 Mar 2011 18:36:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=67286 The Tribunal upheld the Appellate Assistant Commissioner's decision to delete the addition of Rs. 5,595 made by the Income-tax Officer under Section 40A(3) in the assessment year 1974-75. The Tribunal found that the nature of the assessee's business, involving purchases from petty hawkers for raw materials due to lack of banking facilities, justified the cash payments and fell within the exceptions provided in Rule 6DD(j). As such, the Tribunal dismissed the Revenue's appeal, ruling in favor of the assessee. Case-Laws Income Tax Tue, 28 Sep 1976 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=67286