https://www.taxtmi.com/caselaws?id=751361 ITAT Delhi allowed assessee's appeal regarding non-existent first floor rental income addition after physical inspection confirmed no first floor existed, only basement and ground floor. Court upheld unexplained cash credit addition under Section 68 but directed AO to avoid double taxation for amount already offered in subsequent year. TDS disallowance under Section 40(a)(ia) was deleted following CIT(A)'s direction to verify if payees included receipts and paid taxes. Sister concern transaction addition was upheld due to established malafide intention. Cash salary payment disallowance under Section 40A(3) was confirmed as no business exigency demonstrated despite payee being in Delhi with available banking facilities. Various expense disallowances were partially allowed, reducing telephone and vehicle expense disallowance from 20% to 10%. en-us Fri, 19 Jan 2024 00:00:00 +0530 Mon, 15 Apr 2024 08:32:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=751361 ITAT Delhi allowed assessee's appeal regarding non-existent first floor rental income addition after physical inspection confirmed no first floor existed, only basement and ground floor. Court upheld unexplained cash credit addition under Section 68 but directed AO to avoid double taxation for amount already offered in subsequent year. TDS disallowance under Section 40(a)(ia) was deleted following CIT(A)'s direction to verify if payees included receipts and paid taxes. Sister concern transaction addition was upheld due to established malafide intention. Cash salary payment disallowance under Section 40A(3) was confirmed as no business exigency demonstrated despite payee being in Delhi with available banking facilities. Various expense disallowances were partially allowed, reducing telephone and vehicle expense disallowance from 20% to 10%. Case-Laws Income Tax Fri, 19 Jan 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=751361