https://www.taxtmi.com/caselaws?id=18909 The High Court remitted a case involving cash payments exceeding Rs. 2,500 in purchase transactions back to the Tribunal for reevaluation. The Court emphasized the necessity of assessing exceptional circumstances justifying cash payments under rule 6DD(j) and highlighted the burden on the assessee to prove transaction genuineness. The Tribunal was directed to consider specific requirements of rule 6DD(j) and previous guidelines in determining deductions under section 40A(3) of the Income-tax Act, 1961. The case outcome focused on clarifying the application of these provisions and providing guidelines for future assessments of similar cases. en-us Tue, 19 Apr 1994 00:00:00 +0530 Mon, 02 Nov 2009 16:54:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=18909 The High Court remitted a case involving cash payments exceeding Rs. 2,500 in purchase transactions back to the Tribunal for reevaluation. The Court emphasized the necessity of assessing exceptional circumstances justifying cash payments under rule 6DD(j) and highlighted the burden on the assessee to prove transaction genuineness. The Tribunal was directed to consider specific requirements of rule 6DD(j) and previous guidelines in determining deductions under section 40A(3) of the Income-tax Act, 1961. The case outcome focused on clarifying the application of these provisions and providing guidelines for future assessments of similar cases. Case-Laws Income Tax Tue, 19 Apr 1994 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=18909