https://www.taxtmi.com/caselaws?id=26221 The court directed the Tribunal to reconsider the case based on fresh evidence regarding the application of section 40A(3) of the Income-tax Act, 1961. Both parties were instructed to present evidence on the applicability of rule 6DD(j) as per Circular No. 220 issued by the Central Board of Direct Taxes. The judgment highlighted the importance of establishing the genuineness of transactions exceeding specified limits and emphasized compliance with the law in handling payments made in a manner other than by crossed cheque or bank draft. en-us Mon, 16 Sep 1985 00:00:00 +0530 Wed, 03 Feb 2010 15:33:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=26221 The court directed the Tribunal to reconsider the case based on fresh evidence regarding the application of section 40A(3) of the Income-tax Act, 1961. Both parties were instructed to present evidence on the applicability of rule 6DD(j) as per Circular No. 220 issued by the Central Board of Direct Taxes. The judgment highlighted the importance of establishing the genuineness of transactions exceeding specified limits and emphasized compliance with the law in handling payments made in a manner other than by crossed cheque or bank draft. Case-Laws Income Tax Mon, 16 Sep 1985 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=26221