S.40.A(3) : No disall. A's claim not covered by the exceptions under rule 6DD

[subash agarwal]

 Section 40A(3) - Where payments are  made against purchase of traded goods exceeding ₹ 20,000 and assessee's claim is not covered by any of the exceptions provided under rule 6DD, still rule 6DD cannot be mechanically applied.ITAT CUTTACK gives the reason.

Ratio n Full text of the decision  at-
http://subashagarwal.blogspot.in/search?q=RADHA+SHYAM+PANDA