https://www.taxtmi.com/caselaws?id=402988 The Tribunal directed the Assessing Officer to delete the addition of interest on post-dated cheques (PDCs) as it lacked a basis in the search material. It also directed the deletion of the disallowed amount under Section 40A(3) of the Act for cash payments made for land purchase, emphasizing the necessity of incriminating material to support such additions. The Tribunal dismissed general grounds raised in the appeal, partly allowing it by ordering the deletion of the specified additions and disallowances under the Income Tax Act. en-us Wed, 09 Dec 2020 00:00:00 +0530 Sat, 16 Jan 2021 22:30:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=402988 The Tribunal directed the Assessing Officer to delete the addition of interest on post-dated cheques (PDCs) as it lacked a basis in the search material. It also directed the deletion of the disallowed amount under Section 40A(3) of the Act for cash payments made for land purchase, emphasizing the necessity of incriminating material to support such additions. The Tribunal dismissed general grounds raised in the appeal, partly allowing it by ordering the deletion of the specified additions and disallowances under the Income Tax Act. Case-Laws Income Tax Wed, 09 Dec 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=402988