https://www.taxtmi.com/caselaws?id=361686 Cash deposits made directly into the bank account of a Government-controlled wholesale licensee for purchase of country spirit were examined under section 40A(3) read with Rule 6DD(b) and Rule 6DD(k). Because the supplier operated under a statutory excise regime with payment and warehouse arrangements controlled by excise authorities, the deposits were treated as payments to a Government-regulated authority, or alternatively to an agent required to receive cash on behalf of the principal. On that footing, the cash payment exception applied, so disallowance under section 40A(3) was not attracted and the addition was deleted. en-us Fri, 08 Jun 2018 00:00:00 +0530 Mon, 11 Jun 2018 17:37:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=361686 Cash deposits made directly into the bank account of a Government-controlled wholesale licensee for purchase of country spirit were examined under section 40A(3) read with Rule 6DD(b) and Rule 6DD(k). Because the supplier operated under a statutory excise regime with payment and warehouse arrangements controlled by excise authorities, the deposits were treated as payments to a Government-regulated authority, or alternatively to an agent required to receive cash on behalf of the principal. On that footing, the cash payment exception applied, so disallowance under section 40A(3) was not attracted and the addition was deleted. Case-Laws Income Tax Fri, 08 Jun 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=361686