https://www.taxtmi.com/caselaws?id=771128 ITAT Mumbai upheld CIT(A)'s decision restricting bogus purchase disallowance to 50% following precedent. On-money addition issue remanded to AO for fresh consideration at 10% of sales with expense set-off. Cash interest payment disallowance under section 40A(3) upheld for exceeding prescribed limits. Unexplained cash deposits addition deleted as assessee had sufficient balance. Property sale addition based on ITS data deleted as income already offered. Sales promotion expenses deletion upheld. TDS interest disallowance confirmed as non-deductible. Section 14A disallowance restricted to exempt income earned. Partial expenditure addition confirmed for unrecorded bills. Director's wife salary disallowance upheld as no services rendered. en-us Fri, 09 May 2025 00:00:00 +0530 Wed, 21 May 2025 08:29:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=771128 ITAT Mumbai upheld CIT(A)'s decision restricting bogus purchase disallowance to 50% following precedent. On-money addition issue remanded to AO for fresh consideration at 10% of sales with expense set-off. Cash interest payment disallowance under section 40A(3) upheld for exceeding prescribed limits. Unexplained cash deposits addition deleted as assessee had sufficient balance. Property sale addition based on ITS data deleted as income already offered. Sales promotion expenses deletion upheld. TDS interest disallowance confirmed as non-deductible. Section 14A disallowance restricted to exempt income earned. Partial expenditure addition confirmed for unrecorded bills. Director's wife salary disallowance upheld as no services rendered. Case-Laws Income Tax Fri, 09 May 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=771128