https://www.taxtmi.com/caselaws?id=412065 The Tribunal held that the Assessing Officer's assessment order was not erroneous or prejudicial to the Revenue's interest. The Principal Commissioner's invocation of revisionary powers under Section 263 was found to be invalid. The Tribunal concluded that the AO had properly examined the source of cash deposits, conducted a thorough investigation, and the assessment order was upheld while setting aside the PCIT's order. The appeal by the assessee was allowed. en-us Tue, 07 Sep 2021 00:00:00 +0530 Thu, 09 Sep 2021 08:21:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=412065 The Tribunal held that the Assessing Officer's assessment order was not erroneous or prejudicial to the Revenue's interest. The Principal Commissioner's invocation of revisionary powers under Section 263 was found to be invalid. The Tribunal concluded that the AO had properly examined the source of cash deposits, conducted a thorough investigation, and the assessment order was upheld while setting aside the PCIT's order. The appeal by the assessee was allowed. Case-Laws Income Tax Tue, 07 Sep 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=412065