1983 (1) TMI 67 - HC - Income Tax

Summary

The High Court of Allahabad ruled in favor of the assessee, stating that the Tribunal was right in law in deleting the addition of Rs. 15,590 made by the Income-tax Officer under section 40A(3) of the Income-tax Act, 1961. The Court found that the Tribunal had examined each certificate and established exceptional circumstances justifying the cash payments. The question of law was answered in favor of the assessee, who was awarded costs of Rs. 250.