No disallowance on cash purchase of 'GUR' from farmers as they didn't have bank a/c: ITAT

IT: Where assessee made payment in excess of Rs. twenty thousand towards purchase of jaggery from farmers, in view of fact that those farmers were mostly uneducated and did not know how to operate bank accounts, assessee's case would fall under Rule 6DD and, thus, impugned disallowance made under section 40A(3) was to be deleted

from www.taxmann.com Latest Case Laws http://bit.ly/2E4wfJR