https://www.taxtmi.com/caselaws?id=67455 The Tribunal upheld the Commissioner's order under Section 263, finding that the ITO's order on rice dealings did not merge with the appellate order, enabling the Commissioner to revise it. The Tribunal determined that the transactions were genuine, but the ITO failed to consider the disallowance under Section 40A(3), justifying the Commissioner's decision to set aside the order for reassessment. en-us Mon, 20 Oct 1986 00:00:00 +0530 Thu, 10 Mar 2011 16:59:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=67455 The Tribunal upheld the Commissioner's order under Section 263, finding that the ITO's order on rice dealings did not merge with the appellate order, enabling the Commissioner to revise it. The Tribunal determined that the transactions were genuine, but the ITO failed to consider the disallowance under Section 40A(3), justifying the Commissioner's decision to set aside the order for reassessment. Case-Laws Income Tax Mon, 20 Oct 1986 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=67455