https://www.taxtmi.com/caselaws?id=55999 The Tribunal upheld the CIT(A)'s decision, dismissing the Revenue's appeal regarding disallowance under section 40A(3) of the IT Act. It was found that the cash payments made by the assessee for purchasing ghee were genuine and justified under rule 6DD(j). The judgment emphasized the need to consider business expediency and genuine difficulties faced by the payee in assessing the validity of cash transactions under section 40A(3). en-us Mon, 21 Apr 1997 00:00:00 +0530 Wed, 01 Dec 2010 10:40:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=55999 The Tribunal upheld the CIT(A)'s decision, dismissing the Revenue's appeal regarding disallowance under section 40A(3) of the IT Act. It was found that the cash payments made by the assessee for purchasing ghee were genuine and justified under rule 6DD(j). The judgment emphasized the need to consider business expediency and genuine difficulties faced by the payee in assessing the validity of cash transactions under section 40A(3). Case-Laws Income Tax Mon, 21 Apr 1997 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=55999