https://www.taxtmi.com/caselaws?id=372482 The Tribunal remanded the case to the Assessing Officer to verify if cash payments exceeded the limit under section 40A(3) of the Income Tax Act. The Assessee's argument that individual cash payments did not surpass the limit was upheld, emphasizing the need for a fair assessment and adherence to procedural justice. The Tribunal's decision for a remand aimed at ensuring proper analysis and providing the Assessee with a reasonable opportunity to be heard, ultimately leading to the appeal being allowed for statistical purposes. en-us Fri, 05 Oct 2018 00:00:00 +0530 Mon, 24 Dec 2018 08:31:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=372482 The Tribunal remanded the case to the Assessing Officer to verify if cash payments exceeded the limit under section 40A(3) of the Income Tax Act. The Assessee's argument that individual cash payments did not surpass the limit was upheld, emphasizing the need for a fair assessment and adherence to procedural justice. The Tribunal's decision for a remand aimed at ensuring proper analysis and providing the Assessee with a reasonable opportunity to be heard, ultimately leading to the appeal being allowed for statistical purposes. Case-Laws Income Tax Fri, 05 Oct 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=372482