Section 40A(3) not applies to cash payment exceeding Rs. 20000 made to Government controlled electricity distribution company

 Narayan Rice Mill Vs. CIT (ITAT Kolkata) There is no dispute in respect of said West Bengal State Electricity Distribution Company Limited (WBSEDCL) is controlled and owned by the Govt. of West Bengal. We also find that there is no dispute with regard to genuineness of such payments made to West Bengal State Electricity Distribution Company Limited (WBSEDCL). We find that the CIT assumed his jurisdiction only on the ground that the said cash payments were made on different dates and the same do not fall under any of the exceptions of rule 6DD of the Income Tax Rules. The CIT also found that...