https://www.taxtmi.com/caselaws?id=237102 The Tribunal allowed the appeal, directing the deletion of additions for undisclosed closing stock of feed, cash purchases exceeding Rs. 20,000, seed purchases in cash, and cash payments exceeding Rs. 20,000. The Tribunal recognized the genuine business practices in the marine products industry and the practical challenges of non-cash transactions in remote locations. The Tribunal emphasized the necessity and practicality of certain cash transactions in specific circumstances. en-us Thu, 14 Feb 2013 00:00:00 +0530 Wed, 18 Sep 2013 07:25:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=237102 The Tribunal allowed the appeal, directing the deletion of additions for undisclosed closing stock of feed, cash purchases exceeding Rs. 20,000, seed purchases in cash, and cash payments exceeding Rs. 20,000. The Tribunal recognized the genuine business practices in the marine products industry and the practical challenges of non-cash transactions in remote locations. The Tribunal emphasized the necessity and practicality of certain cash transactions in specific circumstances. Case-Laws Income Tax Thu, 14 Feb 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=237102