https://www.taxtmi.com/caselaws?id=463399 ITAT upheld deletion of three additions: (1) unexplained cash seized in survey was telescoped against admitted unaccounted sales and branch reconciliation, so separate addition was disallowed; (2) payments to related concerns characterized as product incentives, goods-return credits and cash discounts were held not to be excessive under s.40A(2)(b) absent factual verification, so disallowance was reversed; (3) peak-basis addition under s.68 for advances from farmers was deleted where advances were recorded, supported by dispatch/stock records and confirmations and corresponding cash sales were accepted, avoiding double taxation. en-us Wed, 23 Dec 2009 00:00:00 +0530 Sat, 30 Aug 2025 11:36:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=463399 ITAT upheld deletion of three additions: (1) unexplained cash seized in survey was telescoped against admitted unaccounted sales and branch reconciliation, so separate addition was disallowed; (2) payments to related concerns characterized as product incentives, goods-return credits and cash discounts were held not to be excessive under s.40A(2)(b) absent factual verification, so disallowance was reversed; (3) peak-basis addition under s.68 for advances from farmers was deleted where advances were recorded, supported by dispatch/stock records and confirmations and corresponding cash sales were accepted, avoiding double taxation. Case-Laws Income Tax Wed, 23 Dec 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=463399