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2004 (5) TMI 31 - PUNJAB AND HARYANA HIGH COURTCash transactions - addition to the income of the assessee on account of violation of the provisions of section 40A(3) - transactions of cash payments in the present case are protected by the exceptions provided under rule 6DD(j) read with circular dated May 31,1977. Even otherwise there is no dispute about the genuineness of the transactions - It was held by the Commissioner of Income-tax (Appeals) that the assessee's case fell under the exceptions provided in rule 6DD(j) of the Income-tax Rules as the cash payments had been made on the insistence of the seller and this claim of the assessee was supported by the confirmatory letter issued by the seller. These findings have been confirmed by the Tribunal - No substantial question of law arises out of the order of the Tribunal.
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