https://www.taxtmi.com/caselaws?id=357196 The Court dismissed the appeal challenging an order under Section 260A of the Income Tax Act for Assessment Year 2009-10 regarding cash payments exceeding Rs. 20,000 for meat purchases. The Tribunal's decision in favor of the assessee was upheld, emphasizing that compliance with Rule 6DD of the Rules was sufficient to avoid disallowance under Section 40A(3) of the Act, regardless of non-compliance with CBDT Circular conditions. The Court clarified that Circulars cannot impose additional conditions beyond statutory provisions to the detriment of the assessee. en-us Tue, 13 Mar 2018 00:00:00 +0530 Tue, 19 Mar 2019 13:11:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=357196 The Court dismissed the appeal challenging an order under Section 260A of the Income Tax Act for Assessment Year 2009-10 regarding cash payments exceeding Rs. 20,000 for meat purchases. The Tribunal's decision in favor of the assessee was upheld, emphasizing that compliance with Rule 6DD of the Rules was sufficient to avoid disallowance under Section 40A(3) of the Act, regardless of non-compliance with CBDT Circular conditions. The Court clarified that Circulars cannot impose additional conditions beyond statutory provisions to the detriment of the assessee. Case-Laws Income Tax Tue, 13 Mar 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=357196