https://www.taxtmi.com/caselaws?id=241638 Additions relating to crane hire charges, depreciation on machinery, and an amount payable to a supplier were not sustained where the genuineness of cheque-based payments had not been properly tested. The payees' bank accounts were relevant to verify the transactions, and a third-party statement relied on for adverse inference was not confronted to the assessee. The matter was therefore set aside for fresh examination by the Assessing Officer, with direction to make necessary enquiries and afford due opportunity to the assessee. en-us Fri, 20 Dec 2013 00:00:00 +0530 Sat, 28 Dec 2013 09:49:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=241638 Additions relating to crane hire charges, depreciation on machinery, and an amount payable to a supplier were not sustained where the genuineness of cheque-based payments had not been properly tested. The payees' bank accounts were relevant to verify the transactions, and a third-party statement relied on for adverse inference was not confronted to the assessee. The matter was therefore set aside for fresh examination by the Assessing Officer, with direction to make necessary enquiries and afford due opportunity to the assessee. Case-Laws Income Tax Fri, 20 Dec 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=241638