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2016 (3) TMI 1303 - HC - Income TaxDisallowance u/s 40A(3) for payments made in cash exceeding 20,000/- - payment in cash was out of business compulsion and not optional - Held that:- Cash payments above 20,000/- rupees could be accepted if the conditions prescribed in the Rule 6DD(g) were fulfilled to the satisfaction of the authority concerned. The reasoning of the Tribunal and the interpretation by it of Section 40A(3) and Rule 6DD(g) supported by judicial precedents have not been assailed in this appeal and no submission has been made before us with regard to the same - appeal raises no substantial question of law for determination u/s 260A - Hence the appeal is dismissed.
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