https://www.taxtmi.com/caselaws?id=343576 The Income Tax Appellate Tribunal (ITAT) upheld the Commissioner of Income Tax's (CIT) order under section 263, setting aside the assessment and directing a re-assessment due to lack of proper examination by the Assessing Officer (AO). The ITAT remitted the issue of cash deposits back to the AO for detailed examination and allowed the appeals related to expense disallowances under section 40A(3) for statistical purposes, emphasizing compliance with legal provisions in assessments. en-us Fri, 26 May 2017 00:00:00 +0530 Mon, 29 May 2017 08:10:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=343576 The Income Tax Appellate Tribunal (ITAT) upheld the Commissioner of Income Tax's (CIT) order under section 263, setting aside the assessment and directing a re-assessment due to lack of proper examination by the Assessing Officer (AO). The ITAT remitted the issue of cash deposits back to the AO for detailed examination and allowed the appeals related to expense disallowances under section 40A(3) for statistical purposes, emphasizing compliance with legal provisions in assessments. Case-Laws Income Tax Fri, 26 May 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=343576