https://www.taxtmi.com/caselaws?id=451038 ITAT Delhi allowed the assessee's appeal regarding addition under section 40A for cash purchases exceeding Rs. 20,000. The assessee claimed coverage under Rule 6DD(e)(ii) as vendors lacked bank accounts and purchases were made in remote areas. Out of total purchases of Rs. 2,69,92,101, cash purchases amounted to Rs. 74,67,186. Following the SC precedent in Gee Square Exports case and considering the business nature, ITAT found merit in the appeal and deleted the disallowances made by AO and upheld by CIT(A). en-us Tue, 27 Feb 2024 00:00:00 +0530 Tue, 19 Mar 2024 08:41:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=451038 ITAT Delhi allowed the assessee's appeal regarding addition under section 40A for cash purchases exceeding Rs. 20,000. The assessee claimed coverage under Rule 6DD(e)(ii) as vendors lacked bank accounts and purchases were made in remote areas. Out of total purchases of Rs. 2,69,92,101, cash purchases amounted to Rs. 74,67,186. Following the SC precedent in Gee Square Exports case and considering the business nature, ITAT found merit in the appeal and deleted the disallowances made by AO and upheld by CIT(A). Case-Laws Income Tax Tue, 27 Feb 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=451038