Held that assessee, engaged in lorry transport business, paid in cash to sub-contractors for hiring lorries in excess of prescribed limit provided under section 40A(3) as reasons given by assessee for making cash payments did not come under any exception as provided under rule 6DD, cash payments had been rightly disallowed under section 40A(3) (AY. 2011-12)
SLP Lorry Transport Service. v. ITO (2023) 199 ITD 132 (Chennai) (Trib.)
S. 40A(3) : Expenses or payments not deductible-Cash payments exceeding prescribed limits-Lorry transport business-Sub-contractors-Did not come under any exception-Disallowance is affirmed. [R.6DD]