https://www.taxtmi.com/caselaws?id=332549 Cash deposited directly into the wholesale licensee's bank account for purchase of country spirit was treated as a genuine, traceable payment made under the State excise payment mechanism, with the recipient's identity undisputed. On those facts, the object of section 40A(3)-preventing unaccounted cash expenditure and tax evasion-was not frustrated. The transaction was therefore brought within the liberal scope of the Rule 6DD exceptions, including payments made to a Government-linked recipient under a prescribed mode and to an agent. The disallowance under section 40A(3) was held not sustainable. en-us Wed, 10 Aug 2016 00:00:00 +0530 Tue, 20 Sep 2016 09:24:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=332549 Cash deposited directly into the wholesale licensee's bank account for purchase of country spirit was treated as a genuine, traceable payment made under the State excise payment mechanism, with the recipient's identity undisputed. On those facts, the object of section 40A(3)-preventing unaccounted cash expenditure and tax evasion-was not frustrated. The transaction was therefore brought within the liberal scope of the Rule 6DD exceptions, including payments made to a Government-linked recipient under a prescribed mode and to an agent. The disallowance under section 40A(3) was held not sustainable. Case-Laws Income Tax Wed, 10 Aug 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=332549