https://www.taxtmi.com/caselaws?id=56528 The Tribunal upheld the AAC's decision to delete the additions made by the ITO under s. 40-A(3) of the IT Act for the assessment year 1972-73. The Tribunal found a direct correlation between the cash payments and goods supplied by N.P.K. Fertilisers, considering the genuine nature of the payments and business expediency. Despite the Department's arguments, the Tribunal dismissed the appeal, concluding that the cash deposits were justified under r. 6-DD(j)(2) and did not warrant addition to the total income. en-us Fri, 06 Feb 1976 00:00:00 +0530 Sat, 04 Dec 2010 12:44:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=56528 The Tribunal upheld the AAC's decision to delete the additions made by the ITO under s. 40-A(3) of the IT Act for the assessment year 1972-73. The Tribunal found a direct correlation between the cash payments and goods supplied by N.P.K. Fertilisers, considering the genuine nature of the payments and business expediency. Despite the Department's arguments, the Tribunal dismissed the appeal, concluding that the cash deposits were justified under r. 6-DD(j)(2) and did not warrant addition to the total income. Case-Laws Income Tax Fri, 06 Feb 1976 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=56528