https://www.taxtmi.com/caselaws?id=10817 The court upheld the decision in favor of the assessee, dismissing the Revenue's appeal regarding the violation of section 40A(3) of the Income-tax Act. The court found that the cash payments made by the assessee fell under the exceptions provided in rule 6DD(j) due to business exigencies and the seller's insistence, supported by a confirmatory letter. Emphasizing the genuineness of the transactions and citing precedents, the court concluded that no substantial question of law arose, affirming the Tribunal's order in favor of the assessee. en-us Tue, 11 May 2004 00:00:00 +0530 Sat, 25 Jul 2009 15:39:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=10817 The court upheld the decision in favor of the assessee, dismissing the Revenue's appeal regarding the violation of section 40A(3) of the Income-tax Act. The court found that the cash payments made by the assessee fell under the exceptions provided in rule 6DD(j) due to business exigencies and the seller's insistence, supported by a confirmatory letter. Emphasizing the genuineness of the transactions and citing precedents, the court concluded that no substantial question of law arose, affirming the Tribunal's order in favor of the assessee. Case-Laws Income Tax Tue, 11 May 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=10817