https://www.taxtmi.com/caselaws?id=236695 The appeal was dismissed on the first question of law regarding the treatment of retained amounts as income, following a previous judgment. However, it was allowed on the second and third questions concerning cash payments exceeding Rs.10,000 and the reversal of findings by the ITAT. The ITAT's decision to reverse orders on emergency purchases without addressing the nature of the purchases was deemed erroneous. The orders of the Assessing Officer and the CIT(Appeals) were restored in this regard. en-us Wed, 21 Aug 2013 00:00:00 +0530 Thu, 05 Sep 2013 11:26:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=236695 The appeal was dismissed on the first question of law regarding the treatment of retained amounts as income, following a previous judgment. However, it was allowed on the second and third questions concerning cash payments exceeding Rs.10,000 and the reversal of findings by the ITAT. The ITAT's decision to reverse orders on emergency purchases without addressing the nature of the purchases was deemed erroneous. The orders of the Assessing Officer and the CIT(Appeals) were restored in this regard. Case-Laws Income Tax Wed, 21 Aug 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=236695