https://www.taxtmi.com/caselaws?id=60435 The Tribunal upheld the CIT(A)'s decision to delete the disallowance of cash payments exceeding Rs. 2,500 under s. 40A(3) of the IT Act for the assessment year 1984-85. The Tribunal found that the conditions of r. 6DD(j) were satisfied, the payments were genuine, and the necessity of immediate cash for daily operations by the payees justified the cash payments. Emphasizing the lack of control the assessee had over the payees' cash balances, the Tribunal dismissed the Revenue's appeal, affirming the deletion of the disallowance. en-us Fri, 15 Jun 1990 00:00:00 +0530 Wed, 05 Jan 2011 12:48:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=60435 The Tribunal upheld the CIT(A)'s decision to delete the disallowance of cash payments exceeding Rs. 2,500 under s. 40A(3) of the IT Act for the assessment year 1984-85. The Tribunal found that the conditions of r. 6DD(j) were satisfied, the payments were genuine, and the necessity of immediate cash for daily operations by the payees justified the cash payments. Emphasizing the lack of control the assessee had over the payees' cash balances, the Tribunal dismissed the Revenue's appeal, affirming the deletion of the disallowance. Case-Laws Income Tax Fri, 15 Jun 1990 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=60435