https://www.taxtmi.com/caselaws?id=367129 Genuine cash payments made under a regulated excise payment mechanism, where the payee is identifiable and the amount is traceable through bank deposit, fell within Rule 6DD(b) and Rule 6DD(k), so disallowance under section 40A(3) was deleted. The Tribunal also deleted additions for alleged out-of-books and undisclosed purchases because bank records, confirmations, TCS details, and surrounding documents supported the assessee's explanation and rebutted the inference of unrecorded transactions. However, the partial disallowance of expenses was sustained because the assessee failed to produce books, vouchers, or credible proof, and the estimate made by the Assessing Officer was upheld. en-us Wed, 05 Sep 2018 00:00:00 +0530 Sat, 15 Sep 2018 10:49:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=367129 Genuine cash payments made under a regulated excise payment mechanism, where the payee is identifiable and the amount is traceable through bank deposit, fell within Rule 6DD(b) and Rule 6DD(k), so disallowance under section 40A(3) was deleted. The Tribunal also deleted additions for alleged out-of-books and undisclosed purchases because bank records, confirmations, TCS details, and surrounding documents supported the assessee's explanation and rebutted the inference of unrecorded transactions. However, the partial disallowance of expenses was sustained because the assessee failed to produce books, vouchers, or credible proof, and the estimate made by the Assessing Officer was upheld. Case-Laws Income Tax Wed, 05 Sep 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=367129