https://www.taxtmi.com/caselaws?id=329295 HC held that the CIT's revision under section 263 was invalid because the Assessing Officer, after making enquiries and examining documentary evidence, had reasonably satisfied himself as to the identity, creditworthiness of the foreign donor and genuineness of the gifts. The CIT did not point to any error or material perversity in the AO's satisfaction nor conduct further enquiry; merely differing views do not justify interference under section 263 where the AO's conclusion is a possible view. Decision in favour of the assessee. en-us Thu, 16 Jun 2016 00:00:00 +0530 Thu, 25 Sep 2025 15:37:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=329295 HC held that the CIT's revision under section 263 was invalid because the Assessing Officer, after making enquiries and examining documentary evidence, had reasonably satisfied himself as to the identity, creditworthiness of the foreign donor and genuineness of the gifts. The CIT did not point to any error or material perversity in the AO's satisfaction nor conduct further enquiry; merely differing views do not justify interference under section 263 where the AO's conclusion is a possible view. Decision in favour of the assessee. Case-Laws Income Tax Thu, 16 Jun 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=329295