{"id":43230,"date":"2024-06-07T19:35:30","date_gmt":"2024-06-07T14:05:30","guid":{"rendered":"https:\/\/itatonline.org\/digest\/piprani-equipment-p-ltd-v-ito-2023-199-itd-218-ahd-trib\/"},"modified":"2024-06-07T19:35:30","modified_gmt":"2024-06-07T14:05:30","slug":"piprani-equipment-p-ltd-v-ito-2023-199-itd-218-ahd-trib","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/piprani-equipment-p-ltd-v-ito-2023-199-itd-218-ahd-trib\/","title":{"rendered":"Piprani Equipment (P.) Ltd. v. ITO (2023) 199 ITD 218 (Ahd) (Trib.)"},"content":{"rendered":"<p>Assessee is\u00a0 engaged in business of purchase and sale of used vehicles. It purchased old vehicles from five persons through an agent and made payment in cash exceeding prescribed limits to agent, who in turn paid to sellers of vehicles.\u00a0 Assessing Officer made disallowance. Tribunal held\u00a0 as situation envisaged in clause (K) of rule 6DD was clearly satisfied, assessee is\u00a0 entitled to exemption. Addition is deleted.\u00a0 (AY. 2015-16)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 40A(3) :Expenses or payments not deductible-Cash payments exceeding prescribed limits-Purchase of old vehicles through agent-Disallowance is deleted.[R.6DD(k)] <\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[],"class_list":["post-43230","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-bfg","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/43230","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/comments?post=43230"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/43230\/revisions"}],"predecessor-version":[{"id":43231,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/43230\/revisions\/43231"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=43230"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=43230"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=43230"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}