https://www.taxtmi.com/caselaws?id=244217 The Tribunal allowed the assessee's appeal, deleting additions made under Sections 40A(3) and 68 of the Income Tax Act. It concluded that the cash payments exceeding Rs. 20,000 were justified under Rule 6DD due to exceptional circumstances in areas without banking facilities. Additionally, the Tribunal found insufficient evidence linking a cash payment of Rs. 1.30 crores directly to the assessee company, leading to the deletion of this addition under Section 68. en-us Fri, 24 Jan 2014 00:00:00 +0530 Sat, 15 Feb 2014 16:18:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=244217 The Tribunal allowed the assessee's appeal, deleting additions made under Sections 40A(3) and 68 of the Income Tax Act. It concluded that the cash payments exceeding Rs. 20,000 were justified under Rule 6DD due to exceptional circumstances in areas without banking facilities. Additionally, the Tribunal found insufficient evidence linking a cash payment of Rs. 1.30 crores directly to the assessee company, leading to the deletion of this addition under Section 68. Case-Laws Income Tax Fri, 24 Jan 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=244217