https://www.taxtmi.com/highlights?id=34239 Disallowance u/s 40A(3) - AO opined that banker’s cheques were not covered in any of the provisions of Rule 6DD of the Income Tax Rules as they were the account payee demand drafts u/s 40A(3) - the expression used in the Income Tax itself is “a bill of exchange”, which is a class of instruments, that cannot be ignored or disallowed by virtue of Section 40A(3) read with Rules 6 DD of the Income Tax Rules - HC en-us Mon, 10 Apr 2017 10:24:50 +0530 Mon, 10 Apr 2017 10:24:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=34239 Disallowance u/s 40A(3) - AO opined that banker’s cheques were not covered in any of the provisions of Rule 6DD of the Income Tax Rules as they were the account payee demand drafts u/s 40A(3) - the expression used in the Income Tax itself is “a bill of exchange”, which is a class of instruments, that cannot be ignored or disallowed by virtue of Section 40A(3) read with Rules 6 DD of the Income Tax Rules - HC Highlights Income Tax Mon, 10 Apr 2017 10:24:50 +0530 https://www.taxtmi.com/highlights?id=34239