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CIT allowed to invoke Section 263 to revise assessment order due to AO's failure to verify assessee's explanation regarding investment in mutual funds/shares despite audit objections raised after assessment, as per SC ruling in CIT vs. P.V.S. Beedies Pvt. Ltd. allowing reopening based on audit party's factual objections; HC overruled ITAT's reliance on B&A Plantation case regarding scope of Section 263 inquiry.