https://www.taxtmi.com/caselaws?id=262157 The ITAT upheld the deletion of an addition of Rs. 60 lakhs made by the A.O. for A.Y. 2009-2010, emphasizing lack of justification for the additional income declared during a survey. However, the ITAT set aside the CIT(A)'s decision to delete a disallowance of Rs. 13,49,252 under section 40A(3) for cash payments exceeding Rs. 20,000, instructing further examination by the A.O. to ensure compliance with the cash payment limit. The ITAT partly allowed the Revenue's appeals, upholding one addition and remanding the disallowance for further verification. en-us Fri, 09 Jan 2015 00:00:00 +0530 Tue, 04 Aug 2015 05:47:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=262157 The ITAT upheld the deletion of an addition of Rs. 60 lakhs made by the A.O. for A.Y. 2009-2010, emphasizing lack of justification for the additional income declared during a survey. However, the ITAT set aside the CIT(A)'s decision to delete a disallowance of Rs. 13,49,252 under section 40A(3) for cash payments exceeding Rs. 20,000, instructing further examination by the A.O. to ensure compliance with the cash payment limit. The ITAT partly allowed the Revenue's appeals, upholding one addition and remanding the disallowance for further verification. Case-Laws Income Tax Fri, 09 Jan 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=262157