https://www.taxtmi.com/highlights?id=66256 Revision u/s 263 by CIT - As per CIT there is violation of section 40A(3) not considered by AO - if all such vouchers reflecting cash payment to a single party/creditor in a day are aggregated , then the total cash payment in a day to a particular party/creditor is exceeding Rs. 20,000/- - Assessing Officer has not considered the issue in proper perspective and there is no estoppels against law. - AT en-us Sun, 30 Oct 2022 21:08:39 +0530 Sun, 30 Oct 2022 21:09:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=66256 Revision u/s 263 by CIT - As per CIT there is violation of section 40A(3) not considered by AO - if all such vouchers reflecting cash payment to a single party/creditor in a day are aggregated , then the total cash payment in a day to a particular party/creditor is exceeding Rs. 20,000/- - Assessing Officer has not considered the issue in proper perspective and there is no estoppels against law. - AT Highlights Income Tax Sun, 30 Oct 2022 21:08:39 +0530 https://www.taxtmi.com/highlights?id=66256