Cash payments exceeding Rs.20,000 may be exempt if properly substantiated under Rule 6DD

Abiram Agency Vs ITO (Madras High Court)

Background and Parties:
The Madras High Court dealt with tax appeals filed by Abiram Agency, a partnership firm engaged in selling building materials such as asbestos, cement sheets, ceramic items, and sanitary ware. The firm challenged orders of the Income Tax Appellate Tribunal (ITAT) concerning assessment years 2006-07, 2007-08, and 2008-09. The Revenue (ITO) was the respond

Please become a Premium member. If you are already a Premium member, login here to access the full content.