https://www.taxtmi.com/caselaws?id=12653 The Revenue's petition seeking a reference of a legal question regarding the applicability of section 40A(3) of the Income-tax Act was dismissed. The court found the assessee's cash payments to a sister concern fell within the exceptions of rule 6DD(j) due to exceptional circumstances and business exigencies. Emphasizing the genuineness of transactions and parties, the court rejected the Revenue's appeal, noting the Assessing Officer's rejection based on the companies' relationship was insufficient. The judgment highlighted the importance of considering business exigencies and convenience in such cases, ultimately leading to the dismissal of the petition. en-us Mon, 18 Mar 2002 00:00:00 +0530 Wed, 20 May 2009 18:02:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=12653 The Revenue's petition seeking a reference of a legal question regarding the applicability of section 40A(3) of the Income-tax Act was dismissed. The court found the assessee's cash payments to a sister concern fell within the exceptions of rule 6DD(j) due to exceptional circumstances and business exigencies. Emphasizing the genuineness of transactions and parties, the court rejected the Revenue's appeal, noting the Assessing Officer's rejection based on the companies' relationship was insufficient. The judgment highlighted the importance of considering business exigencies and convenience in such cases, ultimately leading to the dismissal of the petition. Case-Laws Income Tax Mon, 18 Mar 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=12653