https://www.taxtmi.com/caselaws?id=236769 The Tribunal upheld the Commissioner's exercise of powers under Section 263 but modified the directive to disallow claims outright. Instead, the AO was instructed to examine the books of account and decide the issues per Sections 40(a)(ia) and 40A(3) of the Act. The appeals of the assessee were dismissed, and the order was pronounced on August 30, 2013. en-us Fri, 30 Aug 2013 00:00:00 +0530 Sat, 07 Sep 2013 10:24:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=236769 The Tribunal upheld the Commissioner's exercise of powers under Section 263 but modified the directive to disallow claims outright. Instead, the AO was instructed to examine the books of account and decide the issues per Sections 40(a)(ia) and 40A(3) of the Act. The appeals of the assessee were dismissed, and the order was pronounced on August 30, 2013. Case-Laws Income Tax Fri, 30 Aug 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=236769