https://www.taxtmi.com/caselaws?id=62257 The Tribunal partially allowed the appeal for the assessment year (AY) 1990-91, reducing the addition to Rs. 33,000. Additionally, the Tribunal fully allowed the appeals for AYs 1989-90 and 1991-92, deleting the additions made by the Assessing Officer. Furthermore, the Tribunal ruled in favor of the assessee regarding the interest payment to Miss Anna Thomas, finding the transactions genuine and justifiable under Rule 6DD(j) due to exceptional circumstances, thus disallowing the application of Section 40A(3) of the Income Tax Act. en-us Tue, 28 Feb 1995 00:00:00 +0530 Tue, 18 Jan 2011 18:16:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=62257 The Tribunal partially allowed the appeal for the assessment year (AY) 1990-91, reducing the addition to Rs. 33,000. Additionally, the Tribunal fully allowed the appeals for AYs 1989-90 and 1991-92, deleting the additions made by the Assessing Officer. Furthermore, the Tribunal ruled in favor of the assessee regarding the interest payment to Miss Anna Thomas, finding the transactions genuine and justifiable under Rule 6DD(j) due to exceptional circumstances, thus disallowing the application of Section 40A(3) of the Income Tax Act. Case-Laws Income Tax Tue, 28 Feb 1995 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=62257