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2024 (3) TMI 144 - AT - Income TaxAddition u/s. 40A(3) r.w.r 6DD - cash purchases of husk beyond the prescribed limit of Rs. 20,000/- per day - Payment by assessee to farmers - HELD THAT:- In the instant case, since the Ld. AO has not disputed the fact that the husk is an agricultural produce whereas the CIT(A)-NFAC has also by relying on the decision of CIT vs. Cynamid India Ltd (1999 (4) TMI 2 - SUPREME COURT] held that husk is an agricultural produce, in our opinion the provisions of section 40A(3) r.w.r 6DD of the Income Tax Rules, 1962 cannot be invoked in the instant case as it is covered under Clause-(e) of Rule 6DD of Income Tax Rules, 1962. - Decided in favour of assessee.
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