https://www.taxtmi.com/caselaws?id=71012 The case involved the disallowance of cash payments under Section 40A(3) of the Income-tax Act. The majority of the Tribunal members upheld the decision to disallow the payments, stating that the assessee failed to show that making payments by cheques or drafts was impracticable. However, one dissenting member argued that the local dealers insisted on cash payments, emphasizing the need to interpret the rules broadly to avoid hardship. The third member sided with the dissenting opinion, leading to the deletion of the disallowance and allowing the appeal in favor of the assessee. en-us Tue, 29 Apr 1997 00:00:00 +0530 Wed, 20 Apr 2011 18:09:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=71012 The case involved the disallowance of cash payments under Section 40A(3) of the Income-tax Act. The majority of the Tribunal members upheld the decision to disallow the payments, stating that the assessee failed to show that making payments by cheques or drafts was impracticable. However, one dissenting member argued that the local dealers insisted on cash payments, emphasizing the need to interpret the rules broadly to avoid hardship. The third member sided with the dissenting opinion, leading to the deletion of the disallowance and allowing the appeal in favor of the assessee. Case-Laws Income Tax Tue, 29 Apr 1997 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=71012