https://www.taxtmi.com/caselaws?id=290497 The High Court set aside the Tribunal's order deleting the disallowance under section 40A(3) of the Income Tax Act and remitted the case for adjudication on merit due to audit objection. The ld.CIT(A) found the payment of Rs. 4,35,000 was for business purposes and fell under the Rule 6DD(b) exception, justifying the cash payment. The ld.CIT(A) correctly applied the Income Tax Rules and CBDT Circular, leading to the deletion of the disallowance. The Tribunal upheld this decision, allowing the appeal and pronouncing the order on 4th December 2019 in Ahmedabad. en-us Wed, 04 Dec 2019 00:00:00 +0530 Thu, 01 Oct 2020 11:03:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=290497 The High Court set aside the Tribunal's order deleting the disallowance under section 40A(3) of the Income Tax Act and remitted the case for adjudication on merit due to audit objection. The ld.CIT(A) found the payment of Rs. 4,35,000 was for business purposes and fell under the Rule 6DD(b) exception, justifying the cash payment. The ld.CIT(A) correctly applied the Income Tax Rules and CBDT Circular, leading to the deletion of the disallowance. The Tribunal upheld this decision, allowing the appeal and pronouncing the order on 4th December 2019 in Ahmedabad. Case-Laws Income Tax Wed, 04 Dec 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=290497