Case Law Analysis
|Income Tax Appellate Tribunal
Section 40A(3) IT Act | Cash Payment Disallowance Invalid Without Rule 6DD Exemption Analysis : ITAT Lucknow
ITAT Lucknow rules that disallowance of cash payments under Section 40A(3) of the Income Tax Act is unsustainable without examining Rule 6DD exemptions. The tribunal mandates a fresh assessment, ensuring taxpayers can prove the legitimacy of cash transactions, reinforcing natural justice in tax proceedings.