https://www.taxtmi.com/caselaws?id=58390 The Tribunal allowed the department's appeal, holding that disallowance under Section 40A(3) is applicable even when net profit is estimated under Section 145. The assessee failed to establish the necessity for cash payments under Rule 6DD(j) and the CBDT circular. The Tribunal directed adjustments to avoid double disallowance, reducing the disallowance under Section 40A(3) by the amount of net profit addition. en-us Wed, 13 Oct 1993 00:00:00 +0530 Sat, 18 Dec 2010 17:34:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=58390 The Tribunal allowed the department's appeal, holding that disallowance under Section 40A(3) is applicable even when net profit is estimated under Section 145. The assessee failed to establish the necessity for cash payments under Rule 6DD(j) and the CBDT circular. The Tribunal directed adjustments to avoid double disallowance, reducing the disallowance under Section 40A(3) by the amount of net profit addition. Case-Laws Income Tax Wed, 13 Oct 1993 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=58390