https://www.taxtmi.com/caselaws?id=282059 The Tribunal partially allowed the appeal against an order under section 263 of the Income Tax Act for A.Y. 2009-2010. The Commissioner's order was modified to ensure proper assessment under section 40A(3) for cash payments for land purchase, verification of interest payments to creditors, and cash deposits in the savings account. The Tribunal directed the Assessing Officer to re-examine the issues, allowing the assessee to provide explanations and ensuring a fair hearing process. en-us Wed, 18 Feb 2015 00:00:00 +0530 Sat, 20 Jul 2019 07:19:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=282059 The Tribunal partially allowed the appeal against an order under section 263 of the Income Tax Act for A.Y. 2009-2010. The Commissioner's order was modified to ensure proper assessment under section 40A(3) for cash payments for land purchase, verification of interest payments to creditors, and cash deposits in the savings account. The Tribunal directed the Assessing Officer to re-examine the issues, allowing the assessee to provide explanations and ensuring a fair hearing process. Case-Laws Income Tax Wed, 18 Feb 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=282059