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2015 (11) TMI 3 - AT - Income TaxDisallowance u/s 40A(3) - cash payment in excess of limits prescribed - Held that:- The assessee has furnished the ledger copy, as maintained by the supplier, in their books of accounts. A perusal of the same demonstrates that supply of country liquor is made, only when the payment is made by the assessee to the supplier, who accounts for the same towards the cost of country liquor government dues, taxes, etc. Thus the payments in question were made in exceptional circumstances and hence fall within the exception read with rule 6DD. Thus, the disallowance under section 40A(3) is deleted. - Decided in favour of assessee.
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