https://www.taxtmi.com/highlights?id=74299 Revision u/s 263 - It is manifest from the record and particularly from the assessment order and order sheet entries that the AO has not taken up this issue of disallowance u/s 40A(3) of the Act and hence, there is a complete lack of inquiry on the part of the AO so far as this issue is concerned. - Thus order of AO is erroneous being contrary to the provisions of section 43B as well as 40A(3) - Revision order sustained - AT en-us Sat, 20 Jan 2024 08:23:11 +0530 Sat, 20 Jan 2024 08:23:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=74299 Revision u/s 263 - It is manifest from the record and particularly from the assessment order and order sheet entries that the AO has not taken up this issue of disallowance u/s 40A(3) of the Act and hence, there is a complete lack of inquiry on the part of the AO so far as this issue is concerned. - Thus order of AO is erroneous being contrary to the provisions of section 43B as well as 40A(3) - Revision order sustained - AT Highlights Income Tax Sat, 20 Jan 2024 08:23:11 +0530 https://www.taxtmi.com/highlights?id=74299