Assessee is\u00a0 engaged in business of manufacturing of dairy products. PCIT passed revision order and remanded the matter on the ground that the\u00a0 assessee\u00a0 paid cash\u00a0 who was claimed to be assessee’s employee.\u00a0 During survey, it was admitted by assessee that he was contractor hence disallowable u\/s. 40A(3) of the Act. On appeal the\u00a0 Tribunal held\u00a0 that during assessment proceedings, assessee submitted cash payment register and explained each item of proposed addition as per show cause notice issued by Assessing Officer and Assessing Officer after going through cash payment register and explanation of each item, did not make addition. Tribunal\u00a0 quashed revisionary proceedings on ground that order passed by Assessing Officer was neither erroneous nor prejudicial to interest of revenue. On appeal by Revenue High Court affirmed the order of the Tribunal. (AY. 2013-14)<\/p>\n","protected":false},"excerpt":{"rendered":"
S. 263 : Commissioner-Revision of orders prejudicial to revenue-Deduction of tax at source-Contractors\/sub-contractor-Cash payment-Survey-Tribunal was justified in quashing revisionary proceedings on ground that order passed by AO was neither erroneous nor prejudicial to interest of revenue. [S. 40(a)(ia), 40A(3), 194C, R.6DD] <\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[],"class_list":["post-31789","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-8gJ","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/31789","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/comments?post=31789"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/31789\/revisions"}],"predecessor-version":[{"id":31790,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/31789\/revisions\/31790"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=31789"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=31789"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=31789"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}