https://www.taxtmi.com/caselaws?id=282999 Cash payments by a retail country-spirit vendor into the bank account of a State-appointed wholesale licensee may fall outside disallowance under section 40A(3) where the licensee collects price and related charges as the State Government's agent. Genuine transactions with an identified recipient and established fund trail do not defeat the anti-evasion purpose of section 40A(3). Payments made through the excise-regulated mechanism can qualify for the exceptions under Rule 6DD(b) and Rule 6DD(k), preventing disallowance of the related expenditure. en-us Fri, 16 Sep 2016 00:00:00 +0530 Tue, 03 Sep 2019 08:24:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=282999 Cash payments by a retail country-spirit vendor into the bank account of a State-appointed wholesale licensee may fall outside disallowance under section 40A(3) where the licensee collects price and related charges as the State Government's agent. Genuine transactions with an identified recipient and established fund trail do not defeat the anti-evasion purpose of section 40A(3). Payments made through the excise-regulated mechanism can qualify for the exceptions under Rule 6DD(b) and Rule 6DD(k), preventing disallowance of the related expenditure. Case-Laws Income Tax Fri, 16 Sep 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=282999