https://www.taxtmi.com/caselaws?id=176392 The Tribunal partly allowed the appeal, confirming disallowances and additions where the assessee failed to provide sufficient evidence or meet statutory conditions. The disallowance of salary and interest to partners was upheld, but partners could seek deletion from their taxable incomes. The assessment under s. 144 was deemed justified due to non-compliance. The addition under s. 69A was confirmed despite the rejection of accounts under s. 145(3). The enhancement of income by CIT(A) under s. 40A(3) was not justified as the Revenue failed to prove cash payments exceeding Rs. 20,000 each. en-us Mon, 31 Aug 2009 00:00:00 +0530 Mon, 21 Dec 2015 16:14:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=176392 The Tribunal partly allowed the appeal, confirming disallowances and additions where the assessee failed to provide sufficient evidence or meet statutory conditions. The disallowance of salary and interest to partners was upheld, but partners could seek deletion from their taxable incomes. The assessment under s. 144 was deemed justified due to non-compliance. The addition under s. 69A was confirmed despite the rejection of accounts under s. 145(3). The enhancement of income by CIT(A) under s. 40A(3) was not justified as the Revenue failed to prove cash payments exceeding Rs. 20,000 each. Case-Laws Income Tax Mon, 31 Aug 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=176392