https://www.taxtmi.com/caselaws?id=424037 The tribunal partly allowed the appeal, directing the Assessing Officer to reconsider the matter in accordance with the law and after giving the assessee an opportunity to support its claim under Rule 6DD. The tribunal upheld the rectificatory order under section 154, emphasizing the mandatory nature of section 40A(3) and the need for compliance, while also highlighting the legislative intent behind the provision as an anti-tax evasion measure. en-us Tue, 15 Mar 2022 00:00:00 +0530 Mon, 20 Jun 2022 23:02:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=424037 The tribunal partly allowed the appeal, directing the Assessing Officer to reconsider the matter in accordance with the law and after giving the assessee an opportunity to support its claim under Rule 6DD. The tribunal upheld the rectificatory order under section 154, emphasizing the mandatory nature of section 40A(3) and the need for compliance, while also highlighting the legislative intent behind the provision as an anti-tax evasion measure. Case-Laws Income Tax Tue, 15 Mar 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=424037