Held that the assessee had not justified that such payment fell under any of exception provided under rule 6DD. On facts disallowance under section 40A(3) of cash payment was justified. (AY. 2016-17)
R.K. Powergen (P.) Ltd. v. ACIT (2023) 200 ITD 427 (Chennai) (Trib.)
S. 40A(3) :Expenses or payments not deductible-Cash payments exceeding prescribed limits-Cash payments to transporters in excess of Rs. 20,000 in a single day to a person-Disallowance is justified.[R.6DD]