https://www.taxtmi.com/caselaws?id=436924 The Income Tax Appellate Tribunal's decision to allow the assessee's appeal was upheld by the High Court. The Court emphasized the importance of proper verification by the assessing officer regarding cash deposits and purchases, setting aside the assessment for fresh consideration. The Court found no substantial question of law in the appeal, clarifying the scope of scrutiny in income tax assessments. en-us Wed, 22 Mar 2023 00:00:00 +0530 Mon, 24 Apr 2023 09:11:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=436924 The Income Tax Appellate Tribunal's decision to allow the assessee's appeal was upheld by the High Court. The Court emphasized the importance of proper verification by the assessing officer regarding cash deposits and purchases, setting aside the assessment for fresh consideration. The Court found no substantial question of law in the appeal, clarifying the scope of scrutiny in income tax assessments. Case-Laws Income Tax Wed, 22 Mar 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=436924