https://www.taxtmi.com/caselaws?id=339685 The Appellate Tribunal modified the order passed by the Ld. CIT under section 263 of the IT Act, directing the Assessing Officer to verify alleged violations of Section 40A(3) regarding cash payments exceeding the prescribed limit. The Tribunal emphasized the importance of proper verification of these transactions, partially allowing the assessee's appeal and focusing on the adequacy of verification by the Assessing Officer. en-us Fri, 24 Feb 2017 00:00:00 +0530 Mon, 06 Mar 2017 09:06:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=339685 The Appellate Tribunal modified the order passed by the Ld. CIT under section 263 of the IT Act, directing the Assessing Officer to verify alleged violations of Section 40A(3) regarding cash payments exceeding the prescribed limit. The Tribunal emphasized the importance of proper verification of these transactions, partially allowing the assessee's appeal and focusing on the adequacy of verification by the Assessing Officer. Case-Laws Income Tax Fri, 24 Feb 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=339685