https://www.taxtmi.com/caselaws?id=174917 The Tribunal held that the CIT's order under Section 263 was not justified as the Assessing Officer had conducted sufficient inquiries on various aspects raised by the CIT. The Tribunal found no contravention of Section 269SS regarding cash deposits, verified expenses and stock registers, and accepted the consistent accounting method of the assessee. The Tribunal ruled that the CIT's concerns did not warrant revision under Section 263 and canceled the CIT's order, allowing the assessee's appeal. en-us Thu, 19 Jan 2012 00:00:00 +0530 Wed, 28 Oct 2015 15:34:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=174917 The Tribunal held that the CIT's order under Section 263 was not justified as the Assessing Officer had conducted sufficient inquiries on various aspects raised by the CIT. The Tribunal found no contravention of Section 269SS regarding cash deposits, verified expenses and stock registers, and accepted the consistent accounting method of the assessee. The Tribunal ruled that the CIT's concerns did not warrant revision under Section 263 and canceled the CIT's order, allowing the assessee's appeal. Case-Laws Income Tax Thu, 19 Jan 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=174917