https://www.taxtmi.com/caselaws?id=273410 The Tribunal dismissed the Revenue's appeal, upholding the CIT(A)'s decisions to delete the disallowance under Section 40A(3) for cash payments exceeding the exemption limit, treat hedging loss as non-speculative, and remove unexplained cash credits in the Director's personal account. The Tribunal found the transactions were protected under Rule 6DD, not speculative under Section 43(5), and adequately explained in the accounts. The order was issued on May 5, 2014, in Chennai. en-us Mon, 05 May 2014 00:00:00 +0530 Sun, 24 Jun 2018 21:17:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=273410 The Tribunal dismissed the Revenue's appeal, upholding the CIT(A)'s decisions to delete the disallowance under Section 40A(3) for cash payments exceeding the exemption limit, treat hedging loss as non-speculative, and remove unexplained cash credits in the Director's personal account. The Tribunal found the transactions were protected under Rule 6DD, not speculative under Section 43(5), and adequately explained in the accounts. The order was issued on May 5, 2014, in Chennai. Case-Laws Income Tax Mon, 05 May 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=273410