https://www.taxtmi.com/caselaws?id=419736 The Tribunal upheld the deletion of additions for unsecured loans and partners' capital contributions under Section 68, as the assessee had fulfilled its burden of proof. However, the Tribunal restored the AO's disallowance under Section 40A(3) for cash payments exceeding Rs. 20,000, as exceptional circumstances were not proven. The appeal was partly allowed, with the Tribunal issuing the order on 16th March 2022 at Ahmedabad. en-us Wed, 16 Mar 2022 00:00:00 +0530 Sat, 19 Mar 2022 07:36:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=419736 The Tribunal upheld the deletion of additions for unsecured loans and partners' capital contributions under Section 68, as the assessee had fulfilled its burden of proof. However, the Tribunal restored the AO's disallowance under Section 40A(3) for cash payments exceeding Rs. 20,000, as exceptional circumstances were not proven. The appeal was partly allowed, with the Tribunal issuing the order on 16th March 2022 at Ahmedabad. Case-Laws Income Tax Wed, 16 Mar 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=419736