https://www.taxtmi.com/caselaws?id=310800 Cash payment for purchase of land was held to fall within the Rule 6DD exception because the seller had no bank account when the transaction was completed, the consideration was recorded in the registered sale deed, and the payment was made to meet business exigency. On those facts, disallowance under section 40A(3) could not be sustained and was deleted in favour of the assessee. en-us Thu, 11 Apr 2019 00:00:00 +0530 Fri, 17 Nov 2023 20:53:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=310800 Cash payment for purchase of land was held to fall within the Rule 6DD exception because the seller had no bank account when the transaction was completed, the consideration was recorded in the registered sale deed, and the payment was made to meet business exigency. On those facts, disallowance under section 40A(3) could not be sustained and was deleted in favour of the assessee. Case-Laws Income Tax Thu, 11 Apr 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=310800