https://www.taxtmi.com/caselaws?id=311441 The appeal was allowed as the AO exceeded jurisdiction by disallowing cash withdrawals under section 40A(3) without converting the case to complete scrutiny, contrary to CBDT directions. The AO failed to obtain necessary approval for verifying cash withdrawals, which was beyond the limited scrutiny scope of verifying cash deposits. The disallowance for payments to fishermen was deemed invalid, and the order under section 143(3) r.w.s 144B was quashed. Grounds 3 and 4 raised by the assessee were accepted, affirming the appeal against the Ld. CIT(A)-NFAC's decision. en-us Thu, 15 Jun 2023 00:00:00 +0530 Tue, 26 Dec 2023 06:11:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=311441 The appeal was allowed as the AO exceeded jurisdiction by disallowing cash withdrawals under section 40A(3) without converting the case to complete scrutiny, contrary to CBDT directions. The AO failed to obtain necessary approval for verifying cash withdrawals, which was beyond the limited scrutiny scope of verifying cash deposits. The disallowance for payments to fishermen was deemed invalid, and the order under section 143(3) r.w.s 144B was quashed. Grounds 3 and 4 raised by the assessee were accepted, affirming the appeal against the Ld. CIT(A)-NFAC's decision. Case-Laws Income Tax Thu, 15 Jun 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=311441