https://www.taxtmi.com/caselaws?id=442627 Genuine cash payments to identifiable subcontractors and labourers in a construction business were treated as covered by business exigency and the Rule 6DD exception, so disallowance under section 40A(3) was deleted. The Tribunal also held that the reassessment challenge and the objection based on absence of proceedings under section 153C did not succeed on the facts. Loose sheets, digital material and pen drive entries were accepted as evidentiary material in the tax context, and were not rejected merely because of their form, including for purposes of electronic books of account. en-us Thu, 27 Jul 2023 00:00:00 +0530 Tue, 05 Sep 2023 11:11:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=442627 Genuine cash payments to identifiable subcontractors and labourers in a construction business were treated as covered by business exigency and the Rule 6DD exception, so disallowance under section 40A(3) was deleted. The Tribunal also held that the reassessment challenge and the objection based on absence of proceedings under section 153C did not succeed on the facts. Loose sheets, digital material and pen drive entries were accepted as evidentiary material in the tax context, and were not rejected merely because of their form, including for purposes of electronic books of account. Case-Laws Income Tax Thu, 27 Jul 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=442627