https://www.taxtmi.com/caselaws?id=56914 The Tribunal partly allowed the appeal, confirming the addition of Rs. 10,000 under Section 40A(3) for exceeding cash transaction limits due to lack of evidence justifying the payment. However, it deleted the addition of Rs. 14,400 under the same section as the cash payment was supported by a letter. The Tribunal upheld the addition of Rs. 25,000 as unexplained income due to falsified loan claims. It accepted the declared profit after discrepancies in book results were attributed to price fluctuations, deleting the estimated addition. Additionally, the disallowance of Rs. 3,914 under Section 40(b) was reversed based on a subsequent court decision. en-us Mon, 17 Jan 1983 00:00:00 +0530 Tue, 07 Dec 2010 13:23:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=56914 The Tribunal partly allowed the appeal, confirming the addition of Rs. 10,000 under Section 40A(3) for exceeding cash transaction limits due to lack of evidence justifying the payment. However, it deleted the addition of Rs. 14,400 under the same section as the cash payment was supported by a letter. The Tribunal upheld the addition of Rs. 25,000 as unexplained income due to falsified loan claims. It accepted the declared profit after discrepancies in book results were attributed to price fluctuations, deleting the estimated addition. Additionally, the disallowance of Rs. 3,914 under Section 40(b) was reversed based on a subsequent court decision. Case-Laws Income Tax Mon, 17 Jan 1983 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=56914