https://www.taxtmi.com/caselaws?id=216516 The Tribunal upheld the decision of the CIT(A) to disallow cash purchases exceeding Rs. 20,000 made by the appellant under section 40A(3) of the Income Tax Act, 1961. Despite the appellant's arguments invoking Rule 6DD, the Tribunal found the payments did not qualify as exceptions under the rules and affirmed the disallowance. The Tribunal dismissed the appeal, supporting the lower authorities' orders and emphasizing the lack of justification for the cash payments, ultimately upholding the disallowance made by the Assessing Officer. en-us Thu, 28 Jun 2012 00:00:00 +0530 Thu, 13 Sep 2012 10:41:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=216516 The Tribunal upheld the decision of the CIT(A) to disallow cash purchases exceeding Rs. 20,000 made by the appellant under section 40A(3) of the Income Tax Act, 1961. Despite the appellant's arguments invoking Rule 6DD, the Tribunal found the payments did not qualify as exceptions under the rules and affirmed the disallowance. The Tribunal dismissed the appeal, supporting the lower authorities' orders and emphasizing the lack of justification for the cash payments, ultimately upholding the disallowance made by the Assessing Officer. Case-Laws Income Tax Thu, 28 Jun 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=216516