https://www.taxtmi.com/caselaws?id=405822 The Tribunal allowed the appeal, directing the AO to delete the addition of Rs. 88,71,511/- under Section 40A(3) of the IT Act. The Tribunal emphasized the necessity to consider practical business exigencies and found the cash payments genuine and necessary for business operations, applying Rule 6DD exemptions. The decision highlighted the importance of recognizing business realities and practical difficulties in disallowing expenses exceeding Rs. 20,000/- made in cash. en-us Wed, 17 Mar 2021 00:00:00 +0530 Tue, 30 Mar 2021 09:08:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=405822 The Tribunal allowed the appeal, directing the AO to delete the addition of Rs. 88,71,511/- under Section 40A(3) of the IT Act. The Tribunal emphasized the necessity to consider practical business exigencies and found the cash payments genuine and necessary for business operations, applying Rule 6DD exemptions. The decision highlighted the importance of recognizing business realities and practical difficulties in disallowing expenses exceeding Rs. 20,000/- made in cash. Case-Laws Income Tax Wed, 17 Mar 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=405822