https://www.taxtmi.com/caselaws?id=398424 The High Court held in favor of the assessee, ruling that the cash payments made were genuine and bonafide, justifying exemptions under Rule 6DD. The Court emphasized the importance of business expediency and the specific circumstances faced by the assessee in making the cash payments. The Tribunal's decision to grant relief to the assessee was upheld, dismissing the revenue's appeal and highlighting the need to consider practical business constraints when applying tax laws. en-us Tue, 08 Sep 2020 00:00:00 +0530 Tue, 15 Sep 2020 13:20:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=398424 The High Court held in favor of the assessee, ruling that the cash payments made were genuine and bonafide, justifying exemptions under Rule 6DD. The Court emphasized the importance of business expediency and the specific circumstances faced by the assessee in making the cash payments. The Tribunal's decision to grant relief to the assessee was upheld, dismissing the revenue's appeal and highlighting the need to consider practical business constraints when applying tax laws. Case-Laws Income Tax Tue, 08 Sep 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=398424