https://www.taxtmi.com/caselaws?id=123053 The Tribunal upheld the Assessing Officer's decision to disallow cash payments under section 40A(3) due to lack of substantiated extenuating circumstances and the availability of banking facilities. Additionally, the Tribunal reinstated the addition of Rs. 2,40,130 on account of a trading liability, finding the CIT(A)'s deletion unjustifiable and unsupported by evidence. en-us Wed, 28 Apr 2010 00:00:00 +0530 Thu, 30 Aug 2012 17:10:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=123053 The Tribunal upheld the Assessing Officer's decision to disallow cash payments under section 40A(3) due to lack of substantiated extenuating circumstances and the availability of banking facilities. Additionally, the Tribunal reinstated the addition of Rs. 2,40,130 on account of a trading liability, finding the CIT(A)'s deletion unjustifiable and unsupported by evidence. Case-Laws Income Tax Wed, 28 Apr 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=123053