https://www.taxtmi.com/caselaws?id=22001 The Tribunal held that the cash payments made by the assessee to Amrit Banaspati Company fell within the exemption provided in clause (j) of rule 6DD, due to genuine transactions and business expediency. The decision was supported by judicial precedents emphasizing the importance of establishing the seller's identity and considering business expediency. The reference was answered in favor of the assessee, distinguishing it from a precedent with different circumstances. No costs were awarded in this case. en-us Tue, 14 May 1991 00:00:00 +0530 Sat, 05 Dec 2009 13:35:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=22001 The Tribunal held that the cash payments made by the assessee to Amrit Banaspati Company fell within the exemption provided in clause (j) of rule 6DD, due to genuine transactions and business expediency. The decision was supported by judicial precedents emphasizing the importance of establishing the seller's identity and considering business expediency. The reference was answered in favor of the assessee, distinguishing it from a precedent with different circumstances. No costs were awarded in this case. Case-Laws Income Tax Tue, 14 May 1991 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=22001