https://www.taxtmi.com/caselaws?id=327500 The Tribunal allowed the appeal of the assessee, reversing the lower authorities' decisions. The disallowances under sections 40A(3) and 40(a)(ia) were overturned, along with the addition for unexplained gold deposits. The Tribunal emphasized the significance of actual transactions and the accurate reflection of liabilities in the books of accounts. en-us Wed, 13 Apr 2016 00:00:00 +0530 Tue, 10 May 2016 22:46:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=327500 The Tribunal allowed the appeal of the assessee, reversing the lower authorities' decisions. The disallowances under sections 40A(3) and 40(a)(ia) were overturned, along with the addition for unexplained gold deposits. The Tribunal emphasized the significance of actual transactions and the accurate reflection of liabilities in the books of accounts. Case-Laws Income Tax Wed, 13 Apr 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=327500