https://www.taxtmi.com/caselaws?id=71502 The Tribunal upheld the disallowance of Rs. 10,97,062 under section 40A(3), ruling that the assessee failed to prove exceptional or unavoidable circumstances justifying cash payments. The Tribunal emphasized the legislative intent to prevent bogus claims and ensure proper accounting. The decision was against the assessee, highlighting that the disputed payments were a small percentage of total sales. en-us Fri, 21 Apr 1995 00:00:00 +0530 Mon, 25 Apr 2011 13:09:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=71502 The Tribunal upheld the disallowance of Rs. 10,97,062 under section 40A(3), ruling that the assessee failed to prove exceptional or unavoidable circumstances justifying cash payments. The Tribunal emphasized the legislative intent to prevent bogus claims and ensure proper accounting. The decision was against the assessee, highlighting that the disputed payments were a small percentage of total sales. Case-Laws Income Tax Fri, 21 Apr 1995 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=71502