https://www.taxtmi.com/caselaws?id=372129 The Tribunal upheld the disallowance under Section 40(a)(ia) for failure to deduct tax at source but allowed the assessee to prove submission of Form 15G to the CIT. It supported estimating income based on total turnover, including suppressed receipts, rejecting separate additions for suppressed turnover. The disallowance under Section 40A(3) for cash expenditure exceeding Rs. 20,000 was maintained. The direction for penalty proceedings under Section 271A(2)(f) was set aside for reconsideration by the AO. Overall, the appeals were partly allowed for statistical purposes. en-us Thu, 05 Jul 2018 00:00:00 +0530 Tue, 18 Dec 2018 11:49:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=372129 The Tribunal upheld the disallowance under Section 40(a)(ia) for failure to deduct tax at source but allowed the assessee to prove submission of Form 15G to the CIT. It supported estimating income based on total turnover, including suppressed receipts, rejecting separate additions for suppressed turnover. The disallowance under Section 40A(3) for cash expenditure exceeding Rs. 20,000 was maintained. The direction for penalty proceedings under Section 271A(2)(f) was set aside for reconsideration by the AO. Overall, the appeals were partly allowed for statistical purposes. Case-Laws Income Tax Thu, 05 Jul 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=372129