https://www.taxtmi.com/caselaws?id=300816 The Tribunal upheld the CIT(A)'s decision, ruling that cash payments made by the assessee to State Government Undertakings in legal tender were exempt under Rule 6DD(b) of the Income-Tax Rules, 1962. The disallowance under Section 40A(3) was vacated, amounting to Rs. 2,07,24,418/-. The Revenue's appeal was dismissed as the payments to State Government entities did not violate Section 40A(3) due to Rule 6DD(b)'s applicability. en-us Mon, 21 Feb 2022 00:00:00 +0530 Thu, 03 Mar 2022 17:19:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=300816 The Tribunal upheld the CIT(A)'s decision, ruling that cash payments made by the assessee to State Government Undertakings in legal tender were exempt under Rule 6DD(b) of the Income-Tax Rules, 1962. The disallowance under Section 40A(3) was vacated, amounting to Rs. 2,07,24,418/-. The Revenue's appeal was dismissed as the payments to State Government entities did not violate Section 40A(3) due to Rule 6DD(b)'s applicability. Case-Laws Income Tax Mon, 21 Feb 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=300816