https://www.taxtmi.com/caselaws?id=429484 The Tribunal upheld the PCIT's order, determining that the Assessing Officer's failure to scrutinize cash payments exceeding Rs. 20,000 in a day was erroneous and prejudicial to revenue. The reassessment order was canceled, and the Assessing Officer was directed to conduct a fresh assessment de novo after a thorough investigation. en-us Fri, 21 Oct 2022 00:00:00 +0530 Sat, 29 Oct 2022 09:19:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=429484 The Tribunal upheld the PCIT's order, determining that the Assessing Officer's failure to scrutinize cash payments exceeding Rs. 20,000 in a day was erroneous and prejudicial to revenue. The reassessment order was canceled, and the Assessing Officer was directed to conduct a fresh assessment de novo after a thorough investigation. Case-Laws Income Tax Fri, 21 Oct 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=429484