https://www.taxtmi.com/caselaws?id=67935 Cash payments made in a running account to a sister concern were treated as outside the rigid application of section 40A(3) where the parties were identifiable, the transactions were found genuine, and the material on record supported the need for cash payment. The CBDT circular was read as preventing a harsh disallowance in circumstances covered by rule 6DD(j), and the explanation for cash payment was accepted on the facts. The deletion of the addition under section 40A(3) was upheld and the Revenue's appeals were rejected. en-us Thu, 20 Nov 1986 00:00:00 +0530 Tue, 15 Mar 2011 17:34:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=67935 Cash payments made in a running account to a sister concern were treated as outside the rigid application of section 40A(3) where the parties were identifiable, the transactions were found genuine, and the material on record supported the need for cash payment. The CBDT circular was read as preventing a harsh disallowance in circumstances covered by rule 6DD(j), and the explanation for cash payment was accepted on the facts. The deletion of the addition under section 40A(3) was upheld and the Revenue's appeals were rejected. Case-Laws Income Tax Thu, 20 Nov 1986 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=67935