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2022 (12) TMI 176 - AT - Income TaxAddition u/s 40A - cash purchases in excess of Rs.20,000/- to a single person in a single day in respect of dhall purchase and purchase of oil - HELD THAT:- As before us the ld.counsel could not file any details that the assessee’s case falls under any of the exception as provided under the Rule 6DD of the Income Tax Rules, 1962. In view of the above provision of sub-section (3) to section 40A which has been amended w.e.f. 01.04.2009 by the Finance Act, 2008 provides that the provisions of sub-section (3) of section 40A of the Act shall be attracted where the aggregate of the payments made to a single party otherwise by an account payee cheque drawn on a bank or account payee bank draft exceeds Rs.20,000/- in a day. It means that the provisions of section 40A(3) of the Act is very clear and assessee is unable to prove that his case falls under any of the exception as provided under Rule 6DD of the Income Tax Rules, 1962. Hence, we confirm the disallowance. - Decided against assessee.
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