https://www.taxtmi.com/caselaws?id=444177 The tribunal partly allowed the Revenue's appeals and rejected the assessees' cross-appeals, upholding the section 40A(3) disallowances due to insufficient justification for cash purchases under Rule 6DD of the I.T. Rules, 1962. The tribunal confirmed the genuineness of the book results, aligning with its previous decision in M/s. Blue Bird India Ltd.'s case. The CIT(A)'s deletion of section 40A(3) disallowances was overturned, and the tribunal's decision was announced on 09.10.2023. en-us Mon, 09 Oct 2023 00:00:00 +0530 Wed, 11 Oct 2023 08:40:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=444177 The tribunal partly allowed the Revenue's appeals and rejected the assessees' cross-appeals, upholding the section 40A(3) disallowances due to insufficient justification for cash purchases under Rule 6DD of the I.T. Rules, 1962. The tribunal confirmed the genuineness of the book results, aligning with its previous decision in M/s. Blue Bird India Ltd.'s case. The CIT(A)'s deletion of section 40A(3) disallowances was overturned, and the tribunal's decision was announced on 09.10.2023. Case-Laws Income Tax Mon, 09 Oct 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=444177