Revision u/s 263 by CIT - As per CIT there is violation of ...

Case Laws Income Tax

October 30, 2022

Revision u/s 263 by CIT - As per CIT there is violation of section 40A(3) not considered by AO - if all such vouchers reflecting cash payment to a single party/creditor in a day are aggregated , then the total cash payment in a day to a particular party/creditor is exceeding Rs. 20,000/- - Assessing Officer has not considered the issue in proper perspective and there is no estoppels against law. - AT

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Revision u/s 263 by CIT - As per CIT there is violation of ...

Case Laws Income Tax

October 30, 2022

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