https://www.taxtmi.com/caselaws?id=185196 The Tribunal upheld the disallowance of 20% of cash payments under section 40A(3) as justified, dismissing the appeal. Regarding the addition under section 68 for unexplained funds, the Tribunal found the negative balance unexplained but limited the addition to the peak negative balance, ordering only a portion to be added to the income. As a result, the appeal was partly allowed. en-us Fri, 30 Apr 2010 00:00:00 +0530 Wed, 03 Aug 2016 14:03:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=185196 The Tribunal upheld the disallowance of 20% of cash payments under section 40A(3) as justified, dismissing the appeal. Regarding the addition under section 68 for unexplained funds, the Tribunal found the negative balance unexplained but limited the addition to the peak negative balance, ordering only a portion to be added to the income. As a result, the appeal was partly allowed. Case-Laws Income Tax Fri, 30 Apr 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=185196