https://www.taxtmi.com/caselaws?id=335016 Cash deposits made by retail vendors into the wholesale licensee's bank account for country spirit purchases, where mandated by the West Bengal Excise Rules and the governing notification, were treated as genuine, traceable payments made under a statutory scheme. The identifiable payee, prescribed banking channel, and direct deposit trail brought the transactions within the rule 6DD exceptions, including payment under legal compulsion and through an agent acting under statutory control. On that basis, section 40A(3) disallowance was held not sustainable and the additions were deleted. en-us Fri, 05 Aug 2016 00:00:00 +0530 Fri, 25 Nov 2016 08:52:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=335016 Cash deposits made by retail vendors into the wholesale licensee's bank account for country spirit purchases, where mandated by the West Bengal Excise Rules and the governing notification, were treated as genuine, traceable payments made under a statutory scheme. The identifiable payee, prescribed banking channel, and direct deposit trail brought the transactions within the rule 6DD exceptions, including payment under legal compulsion and through an agent acting under statutory control. On that basis, section 40A(3) disallowance was held not sustainable and the additions were deleted. Case-Laws Income Tax Fri, 05 Aug 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=335016