https://www.taxtmi.com/caselaws?id=326742 The Tribunal upheld the CIT(A)'s decision, confirming that cash payments made through an agent for purchasing potatoes were covered under Rule 6DD(k) and were genuine business transactions. The department's appeal was dismissed, and the additions by the AO were deleted. The judgment stressed the significance of business expediency and transaction genuineness in applying Section 40A(3) and its exceptions under Rule 6DD. en-us Fri, 26 Feb 2016 00:00:00 +0530 Mon, 06 Feb 2017 14:32:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=326742 The Tribunal upheld the CIT(A)'s decision, confirming that cash payments made through an agent for purchasing potatoes were covered under Rule 6DD(k) and were genuine business transactions. The department's appeal was dismissed, and the additions by the AO were deleted. The judgment stressed the significance of business expediency and transaction genuineness in applying Section 40A(3) and its exceptions under Rule 6DD. Case-Laws Income Tax Fri, 26 Feb 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=326742