Tribunal held that jaggery was produced by farmers who were mostly uneducated and did not know how to operate bank accounts .Books of account of assessee were duly audited and same were not rejected by AO. Disallowance by the AO is held to be not justified. (AY. 2000-01 to 2004 -05)
Tum Nath Shaw. v. ACIT (2019) 175 ITD 45 (Kol.)(Trib.)
S. 40A(3) : Expenses or payments not deductible-Cash payments exceeding prescribed limits -Purchase of jaggery from farmers- Disallowance is held to be not justified. [R. 6DD]