https://www.taxtmi.com/caselaws?id=64653 The appeal was partly allowed with significant deletions in the disallowances under Section 40A(3) and the addition of income from undisclosed sources. The Tribunal accepted the genuineness of certain payments and the necessity of cash transactions due to exceptional circumstances, leading to the deletion of substantial amounts. However, minor disallowances for rasoi and miscellaneous expenses were upheld, and the issue regarding the disallowance of 1/5th expenditure on motorcycle and depreciation was not pursued by the assessee during the appeal. en-us Sat, 24 Jan 1981 00:00:00 +0530 Wed, 09 Feb 2011 11:39:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=64653 The appeal was partly allowed with significant deletions in the disallowances under Section 40A(3) and the addition of income from undisclosed sources. The Tribunal accepted the genuineness of certain payments and the necessity of cash transactions due to exceptional circumstances, leading to the deletion of substantial amounts. However, minor disallowances for rasoi and miscellaneous expenses were upheld, and the issue regarding the disallowance of 1/5th expenditure on motorcycle and depreciation was not pursued by the assessee during the appeal. Case-Laws Income Tax Sat, 24 Jan 1981 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=64653