https://www.taxtmi.com/caselaws?id=331810 The Tribunal dismissed the tax appeal, upholding the Assessing Officer's inquiries and the genuineness of the assessee's claims regarding cash payments for agricultural produce. It quashed the revision proceedings initiated by the Commissioner, emphasizing the need for substantial grounds and proper inquiry before exercising revisional powers under Section 263 of the Income Tax Act. en-us Tue, 30 Aug 2016 00:00:00 +0530 Fri, 02 Sep 2016 12:28:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=331810 The Tribunal dismissed the tax appeal, upholding the Assessing Officer's inquiries and the genuineness of the assessee's claims regarding cash payments for agricultural produce. It quashed the revision proceedings initiated by the Commissioner, emphasizing the need for substantial grounds and proper inquiry before exercising revisional powers under Section 263 of the Income Tax Act. Case-Laws Income Tax Tue, 30 Aug 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=331810