ITAT Mumbai Upholds Deletion of ₹5.85 Cr 40A(3) Addition on Meat Purchases

DCIT Vs Chandmiya Miyajan Qureshi (ITAT Mumbai) CBDT Circular Can’t Override Rule 6DD: ITAT Mumbai Upholds Deletion of ₹5.85 Cr 40A(3) Addition on Meat Purchases Assessee, engaged in processing & supply of buffalo waste meat, filed return declaring ₹5.44 crore. Assessment was reopened u/s 147, where AO noticed payments aggregating ₹5,85,85,652 made in cash/bearer cheques towards purchase of meat & invoked disallowance u/s 40A(3), alleging violation of Rule 6DD & non-compliance with CBDT Circular No. 8/2006. AO held that Assessee failed to produce veterinary certificates, de...