https://www.taxtmi.com/caselaws?id=187202 The ITAT upheld the CIT(A)'s decision to delete the addition under Sec. 40A(3) for payments made through bearer cheques, as the payments were found genuine and traceable. The ITAT also found the service of the assessment order and demand notice valid, dismissing the assessee's argument. The ITAT considered the previous year's decision and concluded that the payments in the current year were similarly genuine and traceable, leading to the deletion of the addition. Both the Revenue's appeals and the assessee's Cross Objection were dismissed, with the order pronounced on 28th December 2012. en-us Fri, 28 Dec 2012 00:00:00 +0530 Thu, 13 Oct 2016 15:15:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=187202 The ITAT upheld the CIT(A)'s decision to delete the addition under Sec. 40A(3) for payments made through bearer cheques, as the payments were found genuine and traceable. The ITAT also found the service of the assessment order and demand notice valid, dismissing the assessee's argument. The ITAT considered the previous year's decision and concluded that the payments in the current year were similarly genuine and traceable, leading to the deletion of the addition. Both the Revenue's appeals and the assessee's Cross Objection were dismissed, with the order pronounced on 28th December 2012. Case-Laws Income Tax Fri, 28 Dec 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=187202