ITAT Raipur Remands Cash Purchase Disallowance for Rule 46A Breach; Late TDS Interest Held Disallowable

DCIT Vs Bharat Agro Industries (ITAT Raipur) Rule 46A Violation Cash Purchase Disallowance Remanded – Interest on Late TDS Held Disallowable – ITAT Raipur The ITAT Raipur partly allowed the Revenue’s appeal and held that the CIT(A) violated Rule 46A by admitting additional evidence relating to certain cash purchases without granting the AO an opportunity of examination. The Tribunal set aside findings regarding purchases of ₹52.96 lakh and ₹22,184 and remanded the matter to CIT(A) for fresh adjudication. It further held that the CIT(A) wrongly relied on preponderance of probability t...