https://www.taxtmi.com/caselaws?id=800405 Cash-payment disallowance under section 40A(3) depends on identification and verification of each payment exceeding the prescribed limit to a single person on a single day, with Rule 6DD exceptions considered against identified entries. Unavailable or unreliable accounts may be rejected under section 145(3), allowing a best-judgment estimate of business income. The first appellate authority's co-terminous powers extend to rejecting such accounts and estimating income, while a high anticipated profit rate alone does not displace a valid statutory disallowance. en-us Thu, 24 Sep 2026 00:00:00 +0530 Tue, 06 Oct 2026 08:13:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=800405 Cash-payment disallowance under section 40A(3) depends on identification and verification of each payment exceeding the prescribed limit to a single person on a single day, with Rule 6DD exceptions considered against identified entries. Unavailable or unreliable accounts may be rejected under section 145(3), allowing a best-judgment estimate of business income. The first appellate authority's co-terminous powers extend to rejecting such accounts and estimating income, while a high anticipated profit rate alone does not displace a valid statutory disallowance. Case-Laws Income Tax Thu, 24 Sep 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=800405