https://www.taxtmi.com/caselaws?id=399063 The appeals were dismissed as the appellants did not meet the conditions under Rule 6DD to justify cash payments exceeding Rs. 20,000. The court affirmed that the provisions of Section 40A(3) and Rule 6DD aim to regulate business transactions and prevent the use of unaccounted money. The appellants failed to demonstrate exceptional circumstances warranting an exemption, leading to the rejection of their appeal. en-us Tue, 22 Sep 2020 00:00:00 +0530 Mon, 09 Nov 2020 17:09:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=399063 The appeals were dismissed as the appellants did not meet the conditions under Rule 6DD to justify cash payments exceeding Rs. 20,000. The court affirmed that the provisions of Section 40A(3) and Rule 6DD aim to regulate business transactions and prevent the use of unaccounted money. The appellants failed to demonstrate exceptional circumstances warranting an exemption, leading to the rejection of their appeal. Case-Laws Income Tax Tue, 22 Sep 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=399063