https://www.taxtmi.com/caselaws?id=34450 Cash payments made to a primary agricultural credit society for purchase of paddy fell within the express exception in rule 6DD(a)(iv), so the bar under section 40A(3) of the Income-tax Act did not apply. The factual finding that the payments were made to co-operative societies brought the transactions within the exempted category, and no substantial error of law was shown in the challenged order. The disallowance under section 40A(3) was therefore not sustainable and was decided in favour of the assessee. en-us Wed, 12 Aug 2009 00:00:00 +0530 Tue, 01 Sep 2009 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=34450 Cash payments made to a primary agricultural credit society for purchase of paddy fell within the express exception in rule 6DD(a)(iv), so the bar under section 40A(3) of the Income-tax Act did not apply. The factual finding that the payments were made to co-operative societies brought the transactions within the exempted category, and no substantial error of law was shown in the challenged order. The disallowance under section 40A(3) was therefore not sustainable and was decided in favour of the assessee. Case-Laws Income Tax Wed, 12 Aug 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=34450