https://www.taxtmi.com/caselaws?id=327306 The High Court upheld the Tribunal's decision in an Income-tax Appeal for the assessment year 2008-09, ruling in favor of the assessee regarding the disallowance of cash expenses exceeding Rs. 20,000 under section 40A(3)(a) of the Income-tax Act, 1961. The Court found that the cash payments made to agents were in compliance with rule 6DD(k) and did not violate the provisions of section 40A(3)(a), emphasizing the absence of unaccounted transactions and the genuine nature of the business dealings. The appeal was dismissed, with no substantial question of law identified. en-us Mon, 04 Jan 2016 00:00:00 +0530 Fri, 06 May 2016 18:37:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=327306 The High Court upheld the Tribunal's decision in an Income-tax Appeal for the assessment year 2008-09, ruling in favor of the assessee regarding the disallowance of cash expenses exceeding Rs. 20,000 under section 40A(3)(a) of the Income-tax Act, 1961. The Court found that the cash payments made to agents were in compliance with rule 6DD(k) and did not violate the provisions of section 40A(3)(a), emphasizing the absence of unaccounted transactions and the genuine nature of the business dealings. The appeal was dismissed, with no substantial question of law identified. Case-Laws Income Tax Mon, 04 Jan 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=327306