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of ITAT adjudicated a tax dispute involving revisionary jurisdiction and section 40A(3) compliance. The tribunal found the CIT's revisionary order under section 263 invalid, as the reopening and revision concerned disparate issues, rendering the assessment order non-amenable to revision. Regarding section 40A(3) violations for cash payments on coal, bricks, and labor charges, the tribunal noted the assessee's misunderstanding of the provision's applicability. The matter was remanded to the AO with directions to comprehensively examine the evidence regarding payment limits, effectively deciding in favor of the assessee by nullifying the CIT's revisionary order and providing an opportunity for detailed verification of cash payment compliance.
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