https://www.taxtmi.com/caselaws?id=214689 The Tribunal ruled in favor of the assessee, holding that the cash payments to South Western Railways were exempt from disallowance under Section 40A(3) of the Income-tax Act. The Tribunal relied on the precedent established in a similar case, where it was determined that payments made in cash to the government fell under Rule 6DD(b) exceptions. The Tribunal found that the payment in Indian currency, as required by South Western Railways, met the legal tender criteria. Consequently, the disallowance of Rs. 2,22,40,998 by the Assessing Officer was deemed unjustified, and the addition was deleted in favor of the assessee. en-us Wed, 30 May 2012 00:00:00 +0530 Mon, 02 Jul 2012 17:43:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=214689 The Tribunal ruled in favor of the assessee, holding that the cash payments to South Western Railways were exempt from disallowance under Section 40A(3) of the Income-tax Act. The Tribunal relied on the precedent established in a similar case, where it was determined that payments made in cash to the government fell under Rule 6DD(b) exceptions. The Tribunal found that the payment in Indian currency, as required by South Western Railways, met the legal tender criteria. Consequently, the disallowance of Rs. 2,22,40,998 by the Assessing Officer was deemed unjustified, and the addition was deleted in favor of the assessee. Case-Laws Income Tax Wed, 30 May 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=214689