EVERSHINE PLATERS Vs. COMMISSIONER OF INCOME TAX

JUDGEMENT

(1.) HEARD Shri Pawan Shri Agrawal with Shri R.P. Agrawal in support of this appeal.

(2.) THE petitioner seeks to challenge the order of the Tribunal whereby the Tribunal has restored the order passed by the AO. The AO has added an amount of Rs. 5,34,323 in the income of the appellant assessee for the asst. yr. 1992 -93. The case of the assessee was that the assessee has made payment in cash to four contractors who were in turn making payments to their employees in cash.

(3.) SEC . 40A(3) requires all payments exceeding Rs. 10,000 to be made by cheques otherwise it is permissible to the AO to disallow such payments. Rule 6DD(j) of the IT Rules, 1962, makes exception in certain circumstances.