https://www.taxtmi.com/caselaws?id=769211 ITAT Kolkata allowed the assessee's appeal regarding cash payments exceeding Rs. 20,000 under Section 40A(3). The tribunal held that cash payments for land purchases were made due to business compulsion and commercial considerations, falling under Rule 6DD exception. The AO did not establish that payments were non-genuine or intended for tax evasion. Regarding cash deposits during demonetization, the tribunal found these were receipts from persons who received advances for land purchases, properly recorded in cash books. The tribunal directed deletion of additions made by lower authorities. en-us Mon, 24 Feb 2025 00:00:00 +0530 Tue, 22 Apr 2025 08:31:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=769211 ITAT Kolkata allowed the assessee's appeal regarding cash payments exceeding Rs. 20,000 under Section 40A(3). The tribunal held that cash payments for land purchases were made due to business compulsion and commercial considerations, falling under Rule 6DD exception. The AO did not establish that payments were non-genuine or intended for tax evasion. Regarding cash deposits during demonetization, the tribunal found these were receipts from persons who received advances for land purchases, properly recorded in cash books. The tribunal directed deletion of additions made by lower authorities. Case-Laws Income Tax Mon, 24 Feb 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=769211