https://www.taxtmi.com/caselaws?id=273320 The Court affirmed the Tribunal's decision regarding the deductibility of cash payments made by the assessee under section 40A(3) and Rule 6DD of the Income Tax Act, 1961. The Court held that the cash payments for stock-in-trade were genuine and made under exceptional circumstances, falling within the purview of Rule 6DD, justifying the deletion of the addition. Previous High Court decisions established that where the genuineness of payments is not doubted, there is no question of law regarding the application of section 40A(3). The Court answered the reference question in the affirmative, upholding the Tribunal's decision. en-us Tue, 23 Aug 2011 00:00:00 +0530 Sat, 16 Jun 2018 11:38:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=273320 The Court affirmed the Tribunal's decision regarding the deductibility of cash payments made by the assessee under section 40A(3) and Rule 6DD of the Income Tax Act, 1961. The Court held that the cash payments for stock-in-trade were genuine and made under exceptional circumstances, falling within the purview of Rule 6DD, justifying the deletion of the addition. Previous High Court decisions established that where the genuineness of payments is not doubted, there is no question of law regarding the application of section 40A(3). The Court answered the reference question in the affirmative, upholding the Tribunal's decision. Case-Laws Income Tax Tue, 23 Aug 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=273320