Disallowance u/s 40A(3) sustained as benefit of exception u/r 6DD(f) not eligible

Hind Industries Ltd Vs DCIT (ITAT Delhi) ITAT Delhi held that the payment of assessee made in cash in violation of section 40A(3) of the Act is not eligible for benefit of exceptions envisages under Rules 6DD(f) in absence of any evidence supporting identity and genuineness of the supplier. Facts- Vide the present appeal, the appellant has mainly contested confirmation of disallowance of Rs. 61,39,71,805/- which was made by the Assessing Officer u/s. 40A(3) of the Income Tax Act on account of non-genuineness of purchases of meat. Conclusion- Held that in absence of any evidence in support of i...