https://www.taxtmi.com/caselaws?id=240639 The Tribunal allowed the appeal, ruling that the Assessing Officer was not justified in disallowing the cash payments made to the railway department for scrap purchase under section 40(A)(3) of the Income-tax Act, 1961. The Tribunal held that the cash payment to the South Western Railway fell under the exception provided in Rule 6DD(b) of Income-tax Rules 1962, as it constituted legal tender. As a result, the disallowance of Rs.32,58,905/- was deleted. en-us Thu, 17 Jan 2013 00:00:00 +0530 Mon, 09 Dec 2013 09:33:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=240639 The Tribunal allowed the appeal, ruling that the Assessing Officer was not justified in disallowing the cash payments made to the railway department for scrap purchase under section 40(A)(3) of the Income-tax Act, 1961. The Tribunal held that the cash payment to the South Western Railway fell under the exception provided in Rule 6DD(b) of Income-tax Rules 1962, as it constituted legal tender. As a result, the disallowance of Rs.32,58,905/- was deleted. Case-Laws Income Tax Thu, 17 Jan 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=240639