Home Case Index All Cases Income Tax Income Tax + HC Income Tax - 2004 (3) TMI HC This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2004 (3) TMI 42 - HC - Income TaxAmount paid in cash in excess of Rs. 2,500 - allowance under rule 6DD - "Whether Tribunal was justified in deleting the addition of Rs. 2,42,342 made under section 40A(3)?" - Tribunal has not properly appreciated the facts - Unless the Tribunal had arrived at a finding of fact that exceptional circumstances existed to warrant payments in cash or that the payment by crossed cheque was not practicable or would have caused genuine difficulty to the payee, the order ought not to have been interfered with by the Tribunal - Tribunal has not in the case on hand proceeded on an assumption which was erroneous in law - we answer the question referred for our opinion in the negative and in favour of the Revenue and against the assessee.
|