https://www.taxtmi.com/caselaws?id=306387 The appeal was allowed by the ITAT, directing the deletion of the addition made under section 40A(3) of the Income Tax Act for the assessment year 2007-08. The ITAT ruled in favor of the appellant, stating that since the return of income was filed on a presumptive basis under section 44AF, no further disallowance under section 40A(3) could be justified. The ITAT considered the appellant's argument regarding exceptional circumstances under Rule 6DD and supporting evidence, along with precedents cited from previous ITAT decisions, leading to the deletion of the addition. en-us Thu, 20 Oct 2016 00:00:00 +0530 Thu, 26 Jan 2023 17:55:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=306387 The appeal was allowed by the ITAT, directing the deletion of the addition made under section 40A(3) of the Income Tax Act for the assessment year 2007-08. The ITAT ruled in favor of the appellant, stating that since the return of income was filed on a presumptive basis under section 44AF, no further disallowance under section 40A(3) could be justified. The ITAT considered the appellant's argument regarding exceptional circumstances under Rule 6DD and supporting evidence, along with precedents cited from previous ITAT decisions, leading to the deletion of the addition. Case-Laws Income Tax Thu, 20 Oct 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=306387