https://www.taxtmi.com/caselaws?id=423223 The Tribunal upheld the disallowance of unexplained cash payments made outside the books totaling Rs. 1,75,27,892, citing discrepancies in the appellant's explanations and failure to reconcile the addition figures in regular books. The ad-hoc addition of Rs. 7,00,000 was remanded back to the CIT(A) for detailed adjudication, emphasizing the need for thorough review and reconciliation of seized material with regular books in such cases. en-us Thu, 12 May 2022 00:00:00 +0530 Thu, 02 Jun 2022 08:42:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=423223 The Tribunal upheld the disallowance of unexplained cash payments made outside the books totaling Rs. 1,75,27,892, citing discrepancies in the appellant's explanations and failure to reconcile the addition figures in regular books. The ad-hoc addition of Rs. 7,00,000 was remanded back to the CIT(A) for detailed adjudication, emphasizing the need for thorough review and reconciliation of seized material with regular books in such cases. Case-Laws Income Tax Thu, 12 May 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=423223