https://www.taxtmi.com/caselaws?id=188836 A revision under section 263 is unsustainable where the Assessing Officer has conducted enquiries, called for explanations and accepted a plausible view on cash deposits, turnover, audit applicability, licence fee and related deductions. The revisionary authority cannot substitute its own view without properly considering the assessee's material, and it cannot reopen issues already dealt with in appeal because of the doctrine of merger. Compulsory audit depends on turnover or gross receipts, not bank deposits alone. Issues outside the notice, including licence fee and Chapter VI-A matters, could not be adversely revised. The revisionary order was quashed and the assessment order restored. en-us Fri, 12 Apr 2013 00:00:00 +0530 Tue, 07 Mar 2023 16:19:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=188836 A revision under section 263 is unsustainable where the Assessing Officer has conducted enquiries, called for explanations and accepted a plausible view on cash deposits, turnover, audit applicability, licence fee and related deductions. The revisionary authority cannot substitute its own view without properly considering the assessee's material, and it cannot reopen issues already dealt with in appeal because of the doctrine of merger. Compulsory audit depends on turnover or gross receipts, not bank deposits alone. Issues outside the notice, including licence fee and Chapter VI-A matters, could not be adversely revised. The revisionary order was quashed and the assessment order restored. Case-Laws Income Tax Fri, 12 Apr 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=188836