CIT's Section 263 Revision Overruled: No Cash Payments Violating Section 40A(3) in Old Gold Jewelry Transactions.

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....Revision u/s 263 by CIT - cash payment made for purchase of old gold jewellery - Actually the assessee has not made any purchases in cash in alleged transactions and only net consideration i.e total sale value less value of old jewellery exchange is received by the assessee in cash/cheque. - There is no violation of provisions of section 40A(3) - AT....