https://www.taxtmi.com/highlights?id=58265 Revision u/s 263 - ‘On-money’ receipt - the view taken by the A.O. was one of the possible views and the assessment order passed by him could not be held to be erroneous and prejudicial to the interests of revenue. There is difference between ‘Lack of enquiry’ and ‘inadequate enquiry’. It is for the AO to decide the extent of enquiry to be made as it is his satisfaction as what is required under law. - AT en-us Sat, 05 Jun 2021 15:08:35 +0530 Sat, 05 Jun 2021 15:08:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=58265 Revision u/s 263 - ‘On-money’ receipt - the view taken by the A.O. was one of the possible views and the assessment order passed by him could not be held to be erroneous and prejudicial to the interests of revenue. There is difference between ‘Lack of enquiry’ and ‘inadequate enquiry’. It is for the AO to decide the extent of enquiry to be made as it is his satisfaction as what is required under law. - AT Highlights Income Tax Sat, 05 Jun 2021 15:08:35 +0530 https://www.taxtmi.com/highlights?id=58265