https://www.taxtmi.com/caselaws?id=771673 ITAT Kolkata held that CIT's revision order u/s 263 was invalid as it addressed section 40A(3) violation regarding purchases, which differed from the original reassessment issue concerning cash deposits in bank account. Since revision jurisdiction cannot be exercised on matters not subject to the original assessment, the revisionary order was bad in law. Regarding section 40A(3) violations for coal, brick purchases and labour charges, ITAT found AO and CIT(A) failed to examine evidence properly, restoring the matter to AO for fresh examination based on assessee's evidence of payments within prescribed limits. en-us Wed, 02 Apr 2025 00:00:00 +0530 Wed, 28 May 2025 14:58:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=771673 ITAT Kolkata held that CIT's revision order u/s 263 was invalid as it addressed section 40A(3) violation regarding purchases, which differed from the original reassessment issue concerning cash deposits in bank account. Since revision jurisdiction cannot be exercised on matters not subject to the original assessment, the revisionary order was bad in law. Regarding section 40A(3) violations for coal, brick purchases and labour charges, ITAT found AO and CIT(A) failed to examine evidence properly, restoring the matter to AO for fresh examination based on assessee's evidence of payments within prescribed limits. Case-Laws Income Tax Wed, 02 Apr 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=771673