https://www.taxtmi.com/caselaws?id=35632 The Income-tax Appellate Tribunal upheld the disallowance of a cash payment of Rs. 16,400 made under section 40A(3) of the Income-tax Act, 1961. The Tribunal found that the payment exceeded permissible limits and lacked proof of exceptional circumstances. Despite the assessee's reliance on a specific rule allowing cash payments, the Tribunal ruled it inapplicable as the payment was for services rendered, not for goods or liabilities. The decision confirmed the disallowance, ruling against the assessee, with each party bearing their own costs. en-us Tue, 03 Feb 1981 00:00:00 +0530 Mon, 15 Mar 2010 16:40:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=35632 The Income-tax Appellate Tribunal upheld the disallowance of a cash payment of Rs. 16,400 made under section 40A(3) of the Income-tax Act, 1961. The Tribunal found that the payment exceeded permissible limits and lacked proof of exceptional circumstances. Despite the assessee's reliance on a specific rule allowing cash payments, the Tribunal ruled it inapplicable as the payment was for services rendered, not for goods or liabilities. The decision confirmed the disallowance, ruling against the assessee, with each party bearing their own costs. Case-Laws Income Tax Tue, 03 Feb 1981 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=35632