https://www.taxtmi.com/caselaws?id=392908 The High Court dismissed the writ petition challenging an assessment order under the Income Tax Act for AY 2017-18. Disallowances were made under Sections 40A(3) and 68 for cash expenditure on firewood and certain credits in bank accounts, respectively. The court held that factual examination was necessary and directed the petitioner to pursue statutory appellate remedy by filing an appeal within three weeks. The Commissioner (Appeals) was instructed to conduct a thorough enquiry into the issues. Recovery of disputed demand was stayed pending appeal, with the impugned assessment order to be revived if no appeal was filed within the specified timeframe. en-us Wed, 05 Feb 2020 00:00:00 +0530 Mon, 02 Mar 2020 13:00:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=392908 The High Court dismissed the writ petition challenging an assessment order under the Income Tax Act for AY 2017-18. Disallowances were made under Sections 40A(3) and 68 for cash expenditure on firewood and certain credits in bank accounts, respectively. The court held that factual examination was necessary and directed the petitioner to pursue statutory appellate remedy by filing an appeal within three weeks. The Commissioner (Appeals) was instructed to conduct a thorough enquiry into the issues. Recovery of disputed demand was stayed pending appeal, with the impugned assessment order to be revived if no appeal was filed within the specified timeframe. Case-Laws Income Tax Wed, 05 Feb 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=392908