Assessing Officer based on tax auditor’s report made addition of certain amount to income of assessee on account of cash receipts and payments over Rs. 20,000.Held that Tax auditor reported items of cash receipt and payment shown under column of loan and deposits accepted during year and not under column for disallowances to be made under section 40A(3) of the Act. These transactions were in nature of amounts taken/paid in cash from sister/associate concerns, and assessee had not claimed said amount as business expenses in its profit and loss account. Considering the nature of  transactions addition made by Assessing Officer and sustained by Commissioner (Appeals)  was deleted. (AY. 2012-13)