https://www.taxtmi.com/caselaws?id=199177 The Tribunal upheld the decision of the Commissioner of Income Tax (Appeals) to delete the addition of Rs. 60,00,000 made under Section 40A(3) of the Income Tax Act, relating to cash payments for land purchase. The Tribunal found that the transactions were genuine, with established payee identity, falling under exceptional circumstances per Rule 6DD. Therefore, the addition was deemed unjustified, and the Revenue's appeal was dismissed. en-us Mon, 11 Sep 2017 00:00:00 +0530 Wed, 21 Feb 2018 21:18:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=199177 The Tribunal upheld the decision of the Commissioner of Income Tax (Appeals) to delete the addition of Rs. 60,00,000 made under Section 40A(3) of the Income Tax Act, relating to cash payments for land purchase. The Tribunal found that the transactions were genuine, with established payee identity, falling under exceptional circumstances per Rule 6DD. Therefore, the addition was deemed unjustified, and the Revenue's appeal was dismissed. Case-Laws Income Tax Mon, 11 Sep 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=199177