https://www.taxtmi.com/caselaws?id=121273 The Tribunal upheld the CIT(A)'s decision, dismissing the appeals regarding cash payments under section 40A(3). The Tribunal found the explanations for cash payments lacking in genuineness and business necessity, failing to meet the exceptional circumstances criteria of rule 6DD(j). The assessee's arguments were deemed unsupported by reliable evidence, leading to the rejection of the appeals. Additionally, the ground related to disallowance of unpaid P.F. collections was withdrawn by the assessee during the appellate proceedings. en-us Sat, 01 Aug 2009 00:00:00 +0530 Fri, 27 Jul 2012 18:48:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=121273 The Tribunal upheld the CIT(A)'s decision, dismissing the appeals regarding cash payments under section 40A(3). The Tribunal found the explanations for cash payments lacking in genuineness and business necessity, failing to meet the exceptional circumstances criteria of rule 6DD(j). The assessee's arguments were deemed unsupported by reliable evidence, leading to the rejection of the appeals. Additionally, the ground related to disallowance of unpaid P.F. collections was withdrawn by the assessee during the appellate proceedings. Case-Laws Income Tax Sat, 01 Aug 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=121273